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