By Neil Hughes

Published: 09:36 AM EST (06:36 AM PST)

Apple remains on track to report its best quarter in company history, with new data from the company's supply chain showing sales up 17 percent month over month in November.

Brian White of Ticonderoga Securities watches the "Apple Barometer," a proprietary index of various Taiwan-based suppliers that derive a significant portion of their revenues from Apple. The latest data from the Apple Barometer shows supply chain sales up 17 percent month over month, a number well above the average 2 percent month over month growth seen over the last six years.

In fact, White said that the numbers show Apple on track to post the company's best November in history. That would be in line with expectations, as the newly launched iPhone 4S, the hot-selling iPad 2, and growing popularity of Apple's Mac platform are expected to propel the Cupertino, Calif., company to new heights during this holiday season.

Company officials even said as much in Apple's last quarterly earnings conference call in October. Chief Financial Officer Peter Oppenheimer told investors he expects Apple to set new company records for both the iPhone and iPad in the December quarter.

White said the strong performance of Apple's supply chain in the month of November follows a relatively weak October that prompted some investor concern. But reduced shipments in the month of October, particularly for the iPad 2, are believed to be due to the fact that Apple ordered an abundance of units in the preceding quarter.

"After negative supply chain data points dragged Apple's stock lower in November, we believe today's Apple Barometer print will provide fuel for the stock to move higher in the near term," White wrote.