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.

iphone xs vs xr
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.

Tags: Foxconn, TSMC
Related Forum: iPhone

Top Rated Comments

Darmok N Jalad Avatar
86 months ago
It’s like we do this every year or something.
Score: 16 Votes (Like | Disagree)
Quu Avatar
86 months ago
Two of Apple's largest suppliers have reported healthy jumps in monthly revenue, suggesting fears of weak iPhone demand may be overblown.
You mean TSMC who makes the microchips for almost everything including all of AMD's GPU's, all of NVIDIA's GPU's most of the Qualcomm stuff and even Huewei's CPU's for their phones had a strong November when there is already a backlog of 6 months to get anything fabbed there? oh my god.

Also is that the same Foxconn that assembles all the Amazon devices, Apple iPads, Google Chromecasts, all the Microsoft Surfaces, the XBOX the Nintendo Switch and the PS4? - Damn you'd think with lowered iPhone sales they'd be basically on the street begging for business.
Score: 14 Votes (Like | Disagree)
tromboneaholic Avatar
86 months ago
Not quite.

It's a very well known fact that demand picks up for the holidays. Considering that we probably had a low baseline this year (due to demand being lower than expected), when it picked up it really showed (even if probably not to previous years' levels).

But then again, who knows.
This is an increase over last year's sales. It's holiday period 2017 vs holiday period 2018.
Score: 10 Votes (Like | Disagree)
mdnz Avatar
86 months ago
You mean TSMC who makes the microchips for almost everything including all of AMD's CPU's, all of NVIDIA's GPU's most of the Qualcomm stuff and even Huewei's CPU's for their phones had a strong November when there is already a backlog of 6 months to get anything fabbed there? oh my god.

Also is that the same Foxconn that assembles all the Amazon devices, Apple iPads, Google Chromecasts, all the Microsoft Surfaces, the XBOX the Nintendo Switch and the PS4? - Damn you'd think with lowered iPhone sales they'd be basically on the street begging for business.
Don't speak logic here, it's not appreciated! Some people are under the assumption TSMC only makes iPhone chips or something.
Score: 8 Votes (Like | Disagree)
maflynn Avatar
86 months ago
So much for the talk that Apple has peaked and sales are shrinking ¯\_(ツ)_/¯
Score: 7 Votes (Like | Disagree)
szw-mapple fan Avatar
86 months ago
[LIST=1]
* iPhone released
* MacRumors: worst new iPhone ever, I liked my [insert iPhone from 3 years ago]. Tim Cook must resign!
* Reports of limited stock
* MacRumors: bash Apple for creating artificial demand
* Apple has enough stock and winds down the initial production rush
* News reports unnamed sources saying Apple has lowered orders due to low demand
* MacRumors: Price too high, Tim Cook must resign!
* Suppliers report good numbers
* MacRumors: Probably only because [other device from company x] is selling a lot this year.
* New year comes, news again reports unnamed sources saying Apple has lowered orders due to low demand
* MacRumors: Apple has no more innovation, Tim Cook must resign!
* Apple reports good numbers
* MacRumors: Grumble grumble

And Repeat every year. It's rather hilarious.
Score: 7 Votes (Like | Disagree)

Popular Stories

iphone 16 pro ghost hand

5 Reasons to Skip This Year's iPhone 17 Pro

Thursday July 10, 2025 4:54 am PDT by
Apple will launch its new iPhone 17 series in two months, and the iPhone 17 Pro models are expected to get a new design for the rear casing and the camera area. But more significant changes to the lineup are not expected until next year, when the iPhone 18 models arrive. If you're thinking of trading in your iPhone for this year's latest, consider the following features rumored to be coming...
apple tv 4k new orange

New Apple TV Expected Later This Year With These New Features

Saturday July 12, 2025 3:09 pm PDT by
A new Apple TV is expected to be released later this year, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the next Apple TV, according to rumors. Rumors Faster Wi-Fi Support The next Apple TV will be equipped with Apple's own combined Wi-Fi and Bluetooth chip, according to Bloomberg's Mark Gurman. He said the chip supports ...
iPhone 17 Pro in Hand Feature Lowgo

iPhone 17 Pro Coming Soon With These 16 New Features

Friday July 11, 2025 12:40 pm PDT by
Apple's next-generation iPhone 17 Pro and iPhone 17 Pro Max are only two months away, and there are plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models. Latest Rumors These rumors surfaced in June and July:A redesigned Dynamic Island: It has been rumored that all iPhone 17 models will have a redesigned Dynamic Island interface — it might ...
macbook pro blue green

M5 MacBook Pro No Longer Coming in 2025

Thursday July 10, 2025 12:38 pm PDT by
Apple does not plan to refresh any Macs with updated M5 chips in 2025, according to Bloomberg's Mark Gurman. Updated MacBook Air and MacBook Pro models are now planned for the first half of 2026. Gurman previously said that Apple would debut the M5 MacBook Pro models in late 2025, but his newest report suggests that Apple is "considering" pushing them back to 2026. Apple is now said to be...
iphone 16 pro pro max

iPhone 17 Pro Models With BOE Displays Will Be Sold in China Only

Thursday July 10, 2025 11:59 pm PDT by
iPhone 17 Pro and iPhone 17 Pro Max models with displays made by BOE will be sold exclusively in China, according to a new report. Last week, it emerged that Chinese display manufacturer BOE was aggressively ramping up its OLED production capacity for future iPhone models as part of a plan to recapture a major role in Apple's supply chain. Now, tech news aggregator Jukan Choi reports...
Apple Watch Ultra 2 Complications

Apple Watch Ultra 3: What to Expect

Sunday July 13, 2025 10:30 am PDT by
The long wait for an Apple Watch Ultra 3 is nearly over, and a handful of new features and changes have been rumored for the device. Below, we recap what to expect from the Apple Watch Ultra 3:Satellite connectivity for sending and receiving text messages when Wi-Fi and cellular coverage is unavailable 5G support, up from LTE on the Apple Watch Ultra 2 Likely a wide-angle OLED display that ...
apple wallet drivers license feature iPhone 15 pro

Apple Says iPhone Driver's Licenses Will Expand to These 8 U.S. States

Tuesday July 8, 2025 11:26 am PDT by
In select U.S. states, residents can add their driver's license or state ID to the Wallet app on the iPhone and Apple Watch, providing a convenient and contactless way to display proof of identity or age at select airports and businesses, and in select apps. Unfortunately, this feature continues to roll out very slowly since it was announced in 2021, with only nine U.S. states, Puerto Rico,...
iPhone 17 Air Colors Thumb 2

iPhone 17 and iPhone 17 Air Rumored to Come in These 9 Colors

Friday July 11, 2025 12:30 am PDT by
The iPhone 17 and iPhone 17 Air will be available in a total of nine color options, according to new information coming out of Asia. The iPhone 17 Air's expected color options. According to the leaker going by the account name "yeux1122" on the Korean blog Naver, accessory manufacturers are now producing camera protector rings for the iPhone 17 and iPhone 17 Air in colors to match their...