Apple Helps Suppliers Foxconn, TSMC Hit Record Q4 Revenues
Apple’s biggest supply chain partners, TSMC and Hon Hai Precision Industry (otherwise known as Foxconn), have posted record revenue for December, regulatory filings with the Taiwan Stock Exchange reveal, as noticed by AppleInsider.
Foxconn has reported consolidated revenue of $16.24 billion for December, and posted a quarterly record growth of 57.71% sequentially, and 12.75% year-over-year.
Another Apple supplier, TSMC, filed fourth-quarter earnings totaling $6.97 billion, beating every estimate and marking another record quarter for the chip manufacturer, says Digitimes.
The high demand for Apple’s latest iPhones was a contributing factor to that spike in revenue, as the manufacturer ships 20 nm chips to the Cupertino-based company.
Another Apple supplier, Pegatron, however, wasn’t so “lucky”: While it had reported a 30.48% rise in consolidated revenue year-over-year, it has recorded a drop of 3.25% in consolidated revenue for December 2014, the regulatory filings revealed.
You may recall that iPhone 6 and 6 Plus supply was limited after the launch. Apple did not manage to catch up with demand until near the end of November and now lists the devices as “in stock”.