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Today, January 8, Taiwan Semiconductor Manufacturing (TSM), the world’s largest contract chipmaker, reported December sales that translate into record quarterly revenue with estimated sales in the quarter climbing to $12.9 billion (361.5 NT$). (The company officially reports its quarter on January 14.) The projections based on December revenue amount to a 25% increase in revenue in 2020 from 2019.

The stock fell in trading today by 2.26% as even the record fell slightly short of the average Wall Street estimate of 364 billion NT$. Analysts have been raising their estimates over the last month as expectations for sales of the new 5G iPhone climbed. Shares of Taiwan Semiconductor Manufacturing, Apple’s (AAPL) main chipmaker, have climbed by more than 70% in the last 12 months to reach a record intraday high on January 8.

The news from Taiwan Semiconductor is good news for Apple (AAPL), up 0.86% today, and iPhone suppliers such as Qualcomm (QCOM) up 0.60%, Skyworks Solutions (SWKS) up 0.49%, and Cirrus Logic (CRUS) down 0.26%.

Apple is due to report quarterly earnings on January 26.

Taiwan Semiconductor has been a member of my 50 Stocks Portfolio since October 7,2019. The shares are up 147.53% from that initial pick to the close on January 8.