Taiwan June export order growth fastest in 1-1/2 years as Apple ramps next-gen iPhones, iPads

“Taiwan’s export orders in June grew at their fastest pace in 1-1/2 years, beating expectations, as its manufacturers rushed to fill orders for new smartphones from Apple Inc and others,” Faith Hung and Emily Chan report for Reuters. “The island’s technology sector is gearing up to ship new products, including the much-anticipated iPhone 6 and new iPads, that are expected to hit shelves this fall, raising prospects for its suppliers and assemblers. Taiwan is one of the world’s leading exporters of electronic goods and boasts a number of suppliers for foreign hardware heavyweights such as Apple Inc.”

“Export orders in June grew 10.6 percent from a year earlier, the Ministry of Economic Affairs said on Monday, and much better than a median forecast of 6.98 percent in a Reuters poll,” Hung and Chan report. “The ministry said, discounting distortions from the Lunar New Year, it was the best growth since the end of 2012. According to Reuters data, it was the strongest single-month growth since January 2013.”

“Hon Hai Precision Industry Co Ltd, the world’s No.1 contract manufacturer of electronic goods, will start production of Apple’s next-generation iPhone this month, according to local media,” Hung and Chan report. “Likewise, the world’s largest contract chip manufacturer Taiwan Semiconductor Manufacturing Co Ltd, widely believed to be providing chips for the new phone, said recently it was targeting record revenue this year.”

Read more in the full article here.

3 Comments

  1. I wonder what percentage of this was caused by Apple phasing Samsung out as an SoC manufacturer. I’m sure Apple still uses Samsung for displays, SSD components, RAM and other components, but I’m certain that will dwindle to nothing over the next few years.

  2. Apple buyso on such a scale that switching orders from Korean to Taiwanese suppliers is enough to noticeably impact the national trade figures.

    Korea can’t be best pleased to see how it’s great rival is becoming stronger due to winning orders that at one time would have almost certainly have gone to Korea.

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