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Business

Apple suppliers boost Taiwan tech sector in July

Investors beginning to take profits ahead of new iPhone launch

Apple supply chain drives sales for major Taiwanese tech companies in July (Photo by Cheng Ting-fang).

TAIPEI -- Taiwan's major tech companies all reported revenue increases in July, the eighth consecutive month of rises, as the Apple suppliers benefited from strong sales of iPads and Macbooks as well as recognizing sales from components for the new iPhone.

In July, overall sales of the 19 Taiwanese tech companies monitored by the Nikkei Asian Review rose 7.12% from a year ago to 848.17 billion New Taiwan dollars ($27.99 billion), with 13 of them generating higher year-on-year revenue.

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