Major Apple Silicon supplier TSMC posted an 80% surge in third-quarter net profit on Thursday, according to Reuters calculations showed. The Taiwanese chipmaker was buoyed by strong sales of its advanced chips despite a slowdown in the global chip industry because of economic headwinds.
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) , the world’s largest contract chipmaker and a major Apple Inc supplier, saw net profit for the July-September period rise to T$280.9 billion ($8.81 billion) from T$156.3 billion a year earlier.
That compared with the T$265.64 billion average of 21 analyst estimates compiled by Refinitiv.
MacDailyNews Take: Oh, no, sell Apple! Sell, sell, sell! (dripping sarcasm)
Apple iPhone customers are the most recession-proof smartphone buyers. — MacDailyNews, September 7, 2022
The same goes for Mac, iPad, Apple Watch, and Apple Services customers in personal computers, tablet computers, smartwatches, and subscriptions, respectively.
Please help support MacDailyNews. Click or tap here to support our independent tech blog. Thank you!