TSMC is expected to announce a 23% drop in profit for the fourth quarter, but analysts say Apple will continue to keep its orders “steady” for the immediate future.
TSMC
TSMC
Apple chip partner TSMC is anticipated to report a net profit of T$226.4 billion ($7.21 billion) for the three-month period ending in December, analysts forecast, ahead of Thursday’s results release for the company.
The figure, compiled by LSEG SmartEstimate from 20 analysts and reported by Reuters, is a considerable drop from the year-ago quarter’s T$295.9 billion in net profit.
Originally appeared here:
Apple will sustain chip order volume, but TSMC will have a tough quarter anyway