Two of Apple's largest suppliers have reported healthy jumps in monthly revenue, suggesting fears of weak iPhone demand may be overblown (via Bloomberg).
Asian firms TSMC and Foxconn (Hon Hai) both posted a 5.6 percent rise in November sales, reversing a recent trend of Apple suppliers reducing production or revenue outlooks to reflect lowering demand for Apple's smartphones.
Foxconn posted NT$601.4 billion ($19.5 billion) in revenue, a record for the month of November, which puts the iPhone assembler on track for its fastest pace of annual growth in years.
TSMC, maker of Apple's system-on-chips like the A12 processor, reported revenue of $3.1 billion, a lower figure than the previous month but still considered strong overall. Executives at the chipmaker have said they expect demand for premium devices to help offset lethargy in the crypto-mining market, which it has heavily invested in.
Apple accounts for close to half of main iPhone-assembler Hon Hai's revenue and about a fifth of TSMC's, according to data compiled by Bloomberg.
The figures offer something of a riposte to the narrative that sales of Apple's iPhone XR and XS have been weaker than expected. For example, last week it was reported that Apple moved marketing staff off other projects to focus on bolstering sales of the latest iPhone lineup in late October.
Apple's next earnings call is in January, when investors will get an idea of how the company did over the holiday season, although Apple recently stopped reporting real unit numbers for its major product categories, so investors will have to rely on revenue and gross margin figures alone to assess performance.
Asian firms TSMC and Foxconn (Hon Hai) both posted a 5.6 percent rise in November sales, reversing a recent trend of Apple suppliers reducing production or revenue outlooks to reflect lowering demand for Apple's smartphones.
Foxconn posted NT$601.4 billion ($19.5 billion) in revenue, a record for the month of November, which puts the iPhone assembler on track for its fastest pace of annual growth in years.
TSMC, maker of Apple's system-on-chips like the A12 processor, reported revenue of $3.1 billion, a lower figure than the previous month but still considered strong overall. Executives at the chipmaker have said they expect demand for premium devices to help offset lethargy in the crypto-mining market, which it has heavily invested in.
Apple accounts for close to half of main iPhone-assembler Hon Hai's revenue and about a fifth of TSMC's, according to data compiled by Bloomberg.
The figures offer something of a riposte to the narrative that sales of Apple's iPhone XR and XS have been weaker than expected. For example, last week it was reported that Apple moved marketing staff off other projects to focus on bolstering sales of the latest iPhone lineup in late October.
Apple's next earnings call is in January, when investors will get an idea of how the company did over the holiday season, although Apple recently stopped reporting real unit numbers for its major product categories, so investors will have to rely on revenue and gross margin figures alone to assess performance.
Buyer's Guide: iPhone XS (Neutral), iPhone XR (Buy Now)
62 comments
Amidst increasing hype about foldable displays, Xiaomi has revealed that it is also working on its own flexible phone.
The Chinese mobile maker broke the news with a teaser video posted on...
Apple CEO Tim Cook is at the World Economic Forum in Davos, Switzerland this week, meeting with world leaders, mingling with other CEOs of major companies, attending dinners, and doing interviews.
...
The U.S. Patent and Trademark Office earlier this month approved for publication a trademark application from Apple for the term "iPod touch" that would extend protection to cover...
Honor, a smartphone brand owned by Huawei, today unveiled its newest device, the Honor View 20. The device launched at an event in Paris, and several tech publications were able to go hands-on with...
A U.K.-based non-profit organization, CDP, recently asked major companies to provide reports on their environmental impact with details on the risks and opportunities that climate change might...
Apple is hosting a "Shot on iPhone" photography challenge, and is asking iPhone users to submit outstanding photographs that were captured on an iPhone.
Entries are being collected...
Apple will today release iOS 12.1.3, the fifth update to the iOS 12 operating system since its September launch. iOS 12.1.3 is a minor update that follows iOS 12.1.2 (iPhone only), released back in...
DxOMark today published the results of its "Selfie scores" test, which gauged the performance of the front-facing cameras for 12 modern smartphones. Apple's iPhone XS Max sits at fourth...
