Taiwan's TSMC books 65 pct rise in Q1 net profit, beats estimates
(Corrects net profit to T$79 billion, not T$78 billion, in the second paragraph)
TAIPEI, April 16 (Reuters) - Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reported a 65 percent rise in first-quarter net profit on Thursday, beating analyst estimates, boosted by strong sales of iPhones from main client Apple Inc.
The world's largest contract chip manufacturer booked T$79 billion ($2.54 billion) for January-March, compared with the T$77.8 billion average estimate of 22 analysts polled by Reuters.
The company also reported a quarterly revenue rise of 49.8 percent, as devices from watches to washing machines require more chips.
Shares of TSMC closed up 2.8 percent ahead of the earnings release, versus a 1.22 percent rise in the overall TAIEX index.
($1 = 31.1200 Taiwan dollars) (Reporting by Michael Gold; Editing by Christopher Cushing)
