Apple Suppliers Record Major Share Increase Following iPhone X Success
Apple started taking pre-orders for the iPhone X on October 27 and the device proved to be quite successful, with both available models becoming unavailable after only 10 minutes in the United States.
The incredible demand for the iPhone X, which Apple itself describes as “off the charts,” means good news for everyone involved in the making of the device, including Cupertino’s own suppliers who have until now been blamed for the constrained initial supply.
Bloomberg reports that shares of Foxconn increased no less than 3.6 percent in Taipei, while TSMC, Apple’s number one chip supplier, posted a growth of 2.5 percent last Friday. Several other partners, including AAC and Lens Technology, followed the trend with significant share increases, the same report continues.