The second company set to profit handsomely from the iPhone 15 series is now known
Apple, with its iPhone series, truly morphed into a billionaire company, yet there exists another significant corporation that this phone series is set to enrich.
The highly anticipated iPhone 15 from Apple is about to make its grand entrance, and the excitement is palpable. Expected to revolutionize the phone's design, say farewell to the notch, and introduce several groundbreaking features, this iteration of the iPhone seems poised to be a significant leap from its predecessor. As a reflection of these lofty expectations, Apple has geared up its orders with its business partners, foreseeing robust sales numbers.
A key partner in this endeavor, TSMC, an Apple supplier, is forecasted to witness an 11% revenue uptick in this year's third quarter. This surge is linked primarily to the new A16 and A17 Bionic chips. These high-performing chips will be exclusive to Apple's iPhone 15 Pro and iPhone 15 Pro Max, utilizing TSMC's advanced 3nm process. Anticipating increased demand, TSMC is projected to generate a revenue of $17 billion in the second quarter. To meet the projected surge in demand for the iPhone 15, Apple might ask TSMC to augment its production of 3nm chips, assisting the company in hitting its growth targets.
The second company set to profit handsomely from the iPhone 15 series is now known
While there's no specific disclosure on the volume of business TSMC will glean from this fruitful relationship, it has been reported in the past that Apple had secured 90% of the 3nm chip capacity. Furthermore, Apple is gearing up to be one of the first clients for the upcoming 2nm chips. As per the most recent reports, Apple continues to be TSMC's most substantial customer, contributing to 23% of the annual revenue.
The imminent launch of the iPhone 15 is promising news for TSMC. Currently engaged in the production of the A17 Bionic chip for the iPhone 15, TSMC is set to realize significant profits. In comparison to the same quarter of the previous year, TSMC is projected to rake in 11% more revenue in this year's third quarter, a clear testament to Apple's expected triumph with the iPhone 15 sales.
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