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Main suppliers to Apple in Taiwan recorded one other substantial gross sales decline in September, falling 16.4% year-over-year to NT$1.24 trillion ($38.7 billion). The drop comes regardless of the launch of Apple’s newest iPhone fashions and new Android gadgets from rivals and follows comparable information from the PC market.
Based on an Oct. 12 Bloomberg report, the gross sales decline extends a downward development that started in 2022 for Taiwan’s contract chipmakers and electronics assemblers that offer Apple and different tech giants. The September figures mark the steepest month-to-month drop since June. For the primary 9 months of 2023, gross sales have fallen 8.8% in comparison with the identical interval final yr.
The brand new iPhone 15 lineup went on sale in September, with upgrades to the bottom mannequin receiving optimistic opinions. Nevertheless, the iPhone launch did little to spice up suppliers’ gross sales. This highlights the smartphone market’s maturity and Apple’s challenges in spurring demand for brand new fashions.
Taiwan Semiconductor Manufacturing Firm, the world’s largest contract chipmaker, recorded a 13.4% gross sales decline in September. This was higher than many analysts feared, reflecting TSMC’s energy in non-smartphone segments like high-performance computing chips.
System assemblers like Hon Hai Precision Trade (Foxconn) and Compal Electronics posted double-digit share declines in September. Quanta Pc, one other main Apple contract producer, additionally noticed important decreases — revealing challenges confronted throughout Apple’s Taiwan-based meeting ecosystem.
The gross sales downturn displays each softening shopper demand for private electronics like smartphones and market saturation in developed international locations. The following catalyst for development within the smartphone market is unclear, as new options like foldable shows have but to go mainstream.
Going ahead, Apple and its suppliers should goal development avenues exterior smartphones and PCs, together with new product classes like AR/VR headsets. Software program and providers have turn out to be more and more important to Apple’s outcomes as {hardware} gross sales reasonable — however, within the close to time period, Taiwan suppliers face extra uncertainty and potential draw back amid a sluggish international economic system and weak electronics demand.
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