One of Apple’s biggest chipmakers expects its revenue to rise during the third quarter of 2016 around the launch of the iPhone 7 series. Taiwan Semiconductor Manufacturing Company (TSMC) likely will start shipping new A10 processors soon.
Although they won’t be vastly different from their predecessors, the iPhone 7 and iPhone 7 Plus are expected to sell like hotcakes this fall. Cowen & Co’s financial analyst Timothy Arcuri expects Apple stock to rise to $125 as fans upgrade and growth explodes.
TSMC expects similar results. According to a report from DigiTimes, citing Taiwan’s Central News Agency, the chipmaker “is expected to post nearly 20% sequential growth in third-quarter revenues.”
Apple A10 chips boost TSMC revenue
Apple’s A10 orders for the iPhone 7 will play a big part in that rise. However, greater demand for rival processors for Android phones also could give TSMC a boost. So could growing demand for graphics chips and virtual reality components.
In addition to that new A10 chip, the iPhone 7 likely will boast more RAM and an improved camera with optical image stabilization. Observers also expect iPhone 7 Plus to add a dual-lens camera and a Smart Connector.