Major Apple supplier TSMC beats expectations on fourth-quarter revenue

Taiwan chipmaker and major Apple supplier TSMC reported fourth-quarter revenue on Wednesday that beat both the company’s and market’s expectations.:
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Revenue in the final three months of last year came in at T$625.5 billion ($20.10 billion), according to Reuters calculations, compared with $19.93 billion in the year-ago period.
That beat Taiwan Semiconductor Manufacturing Co’s (TSMC) previous prediction for fourth-quarter revenue being in a range of between $18.8-19.6 billion, and also beat an LSEG SmartEstimate of T$617.1 billion drawn from 21 analysts.
TSMC, Asia’s most valuable publicly listed company with a market capitalisation of $491 billion, did not provide any details or forward guidance in its brief revenue statement.

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MacDailyNews Note: Apple is currently trading down 78-cents (-0.42%) in premarket trading at $184.36.
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