Apple analyst Ming-chi Kuo has been suggesting for a while now that we’ll see an iPhone 16 Pro periscope lens in subsequent 12 months’s line-up, fairly than it remaining unique to the Pro Max mannequin.
In a brand new notice, he’s saying that that is nonetheless anticipated, and might be made possible by improved manufacturing yields on the a part of tetraprism lens meeting provider, Largan …
iPhone 16 Pro periscope lens
Kuo first made the prediction again in March, a good distance forward of the launch of the iPhone 15.
Kuo stated on Tuesday that Apple already plans to place the periscope lens on the smaller Pro mannequin as effectively. This received’t occur with the iPhone 15 Pro, however with the iPhone 16 Pro in 2024. Kuo heard from sources accustomed to Apple’s provide chain that iPhone 16 Pro will get a barely bigger show. It will permit the corporate to suit the periscope lens on each fashions, not simply the Pro Max.
Kuo reaffirmed his months-previous claim that there might be “two iPhone 16 Pro fashions adopting tetraprism lenses” in 2024. Apparently the iPhone 15 Pro Max helped Largan hit a 46-month income excessive that’s anticipated to proceed into Q1 subsequent 12 months.
Improved lens meeting yields
In a new note immediately, Kuo echoes his prediction. He stated that periscope lens provider Largan initially struggled with very low yield charges (the share of modules which handed high quality assurance checks), however has now considerably improved these.
Largan is the unique provider of the tetraprism (periscope) digital camera lens for the iPhone 15 Pro Max. Apple’s pressing spec upgrades led to a manufacturing yield of solely about 40% in 3Q23, leading to adverse gross margins and dragging down 3Q23 EPS.
Nevertheless, my newest survey signifies that Largan has now improved the yield to 70% or extra considerably, making the tetraprism lens meeting worthwhile and materially accretive to EPS in 4Q23 […]
Apple is predicted to incorporate a tetraprism digital camera within the iPhone 16 Pro, resulting in a 160% YoY development in iPhones with this digital camera in 2024.
Sturdy demand for the iPhone 15 Pro Max has seen Largan get pleasure from elevated orders for the lens meeting, which can additional assist with profitability as the event prices are unfold throughout extra items.
Again within the days when Kuo labored for KGI Securities, the analyst earned a status for being probably the most correct on the planet when it got here to Apple predictions. This was possible as a consequence of his position seeing him spend an enormous period of time on the bottom, speaking to Apple suppliers.
Since leaving the agency, his position might now see him with decreased entry to iPhone components suppliers. A good variety of his posts of late have been speculative – Kuo expressing opinions about what appears prone to him, fairly than extrapolating from provide-chain primarily based information. This has included some apparently uninformed feedback, like those on the role of the titanium shell in iPhone 15 overheating issues – which in truth turned out to be a software issue.
For that purpose, our coverage draws a distinction between his speculative posts, and people primarily based on provider information.
This specific report is just a little trickier. It’s primarily based on laborious knowledge concerning yield charges, whereas the thought of together with the lens within the iPhone 16 Pro mannequin is extra speculative. All the identical, there’s prone to be some provider sourcing behind this one, and it could be in line with Apple’s method, so we’re going to provide it no less than some weight. We’ll must corroborate with different sources nearer the time earlier than accepting it, nonetheless.
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