The article compares Apple and Taiwan Semiconductor Manufacturing (TSMC) for a 2026 portfolio. Apple's trailing-12-month revenue reached nearly $467 billion, up roughly 14%, with net income of nearly $129 billion and free cash flow of nearly $137 billion; indirect channels account for nearly 60% of net sales, so it relies on third-party retailers and carriers. TSMC, a pure-play foundry, reported trailing-12-month revenue of nearly $155 billion, up approximately 30%, a net margin of roughly 51%, and free cash flow of nearly $46 billion. Key risks cited include antitrust probes and a $250 million settlement over Siri marketing claims for Apple, and geopolitical tensions and rivals Samsung Electronics and Intel for TSMC. The author judges TSMC the faster-growing business with a lower forward P/E, while noting Apple's brand power and large customer base.
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Related tickers and likely impact
AAPL
• NeutralApple Inc.
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/26/2026 | 343.98 |
| Change that session | -1.08% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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