Apple iPhones May Drive Chip Maker TSMC Q3 2019 Forecast

Apple’s Tier I Vendor TSMC forecasts profits for Q3 2019. Surge in new iPhone sales may hike Apple's Q3 2109 margins.

Apple may drive well in Q3 2019 if we have read its Chip Maker’s Q3 forecasts right. If we understand Taiwan Semiconductor Manufacturing Company (TSMC) QIII forecasts, then the reading is evident.

On its website, it announced consolidated revenue of NT$241.00 billion, net income of NT$66.77 billion for the second quarter ended June 30, 2019.

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In the latest release, Lora Ho, SVP and Chief Financial Officer of TSMC said, “Driven by new product launches of premium smartphones; the acceleration of 5G deployment; and the increasing adoption of our industry-leading 7-nanometer solutions by High-Performance Computing applications, we expect our third quarter business to further improve.”

Apple’s New iPhone Models Will Boost TSMC Q3 2019 Forecast

TSMC being a Tier I vendor for Apple, and we read that sales of smartphones are one huge segment for the Taiwanese company to boost its revenues in the next quarter.

Huawei, Samsung, Apple, and host of other smartphones manufacturers are clients for this chipmaker.

With new models coming soon from Apple’s stable, are we seeing a silver lining in Q3 2019 sales for this iPhone maker, any time soon?

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Cause for concern for all smartphone manufacturers and in specific – Apple is the looming trade war clouds between US and China and of course, other countries of the world, have begun getting affected on the business front. Alternate source for manufacturing also largely impacts businesses all around the world.

All these issues and many more would be on the minds of Apple honchos while wait and watch for Q3 2019 to end.

Guess whether new iPhones will encourage one to either buy new models or replace older ones? Have a say, man! We are anxious to hear.

Jignesh Padhiyarhttps://www.igeeksblog.com
Jignesh Padhiyar is the co-founder of iGeeksBlog.com who has a keen eye for news, rumors and all the unusual stuff that happens around Apple products. During his tight schedule, Jignesh finds some moments of respite to share side-splitting contents on social media.
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