How Applied Materials Is Poised to Profit From the Next iPhone

One Apple (NASDAQ: AAPL)supplier I follow closely is Taiwan Semiconductor Manufacturing Company (NYSE: TSM). TSMC has profited handsomely over the years as it has managed to win the contract manufacturing orders for Apple's A8, A10, and A11 applications processors and is widely believed to have won the orders for the upcoming A12 chip, too.

The A12 chip, which Bloomberg saysis now in mass production, is said to be built using TSMC's latest 7nm technology.