Apple Boosts Chip Orders From Main Foundry Supplier TSMC
Apple's (NASDAQ: AAPL) iPhone 11 has been selling well in China, helping drive the company's comeback in the Middle Kingdom. Various efforts like absorbing currency fluctuations and reducing trade-in friction have also contributed to revenue stabilizing in the world's largest smartphone market. For instance, iPhone unit sales jumped an estimated 18% to 3.2 million in December, according to government data.
The iPhone 11 and 11 Pro are selling so well that Apple has now reportedly boosted its chip orders from Taiwan Semiconductor Manufacturing (NYSE: TSM).
Image source: Apple.
Source Fool.com
