Taiwan chipmaker TSMC's third-quarter net profit falls 7.1 percent, beats estimates

TAIPEI (Reuters) – Apple Inc supplier Taiwan Semiconductor Manufacturing Co Ltd on Thursday said net profit fell 7.1 percent in the three months through September, slightly better than analyst estimates.

The world’s largest contract chipmaker booked third-quarter profit of T$ 89.925 billion ($ 2.98 billion), from T$ 96.76 billion in the same period a year earlier. The result compared with the T$ 88.19 billion average of 21 analyst estimates, Thomson Reuters Eikon showed.

Revenue rose to $ 8.32 billion, up 1.5 percent from a year earlier. That was better than the $ 8.12 billion to $ 8.22 billion forecast TSMC issued in July.

Reporting by Jess Macy Yu; Editing by Christopher Cushing

Tech

Apple killing music streaming service? Beats me.

Apple is killing its Beats Music streaming service. It all kicks off the end of the month, when Tim’s crew want you to be on Apple Music.

Did y’all think Tim’a let his dough freeze? Oh please.

In IT Blogwatch, bloggers with no cheese listen up closely. Not to mention: bwk on pipes

Your humble blogwatcher curated these bloggy bits for your entertainment.

Richard Lawler mourns in anticipation:

Now that Apple Music is firmly in place…it’s time for Beats Music to go.

[It’s] a little over a year after Apple completed its acquisition of the music company.  MORE

Stephanie Mlot’s calendar says something slightly different:

Apple is officially shuttering the streaming service 18 months after acquiring it…for $ 3 billion.

Apple Music has since racked up more than 6.5 million paying customers.  MORE

Steven “meta” Musil thinks about Apple digesting Beats:

On November 30…all Beats subscriptions will be canceled. … Apple is encouraging subscribers to migrate…to Apple Music.

Apple did not respond to a request for comment.  MORE

Is this bad news? Or good? Neal Ungerleider knows:

Well, Beats Music, it was good knowing you.

This isn’t too surprising. [Apple Music is] a late, but competitive entry to a listening landscape littered with the likes of Spotify, Pandora, and Google Play.  MORE

Romain Dillet agrees:

It was bound to happen, now that Apple Music is available on Android.

Apple waited for the Android release before actually shutting [it] down…for Android users who were using Beats Music.  MORE

And Finally…
Unix Pipelines (Brian Kernighan)

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