Top Apple Suppliers Post Solid Sales as iPhone Concerns Persist
- TSMC and Hon Hai record near-6% growth in November revenue
- Taiwanese companies may help assuage fears about iPhone demand
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Apple Inc.’s two largest Asian suppliers unveiled decent jumps in monthly revenue, potentially assuaging investors who fear the worst about iPhone demand.
Taiwan Semiconductor Manufacturing Co. and Hon Hai Precision Industry Co. both posted a 5.6 percent rise in November sales, a solid figure given Apple suppliers around the globe have taken turns to cut back on output or revenue outlooks to reflect waning demand for the U.S. company’s most important product.