Showing posts with label KGI. Show all posts

Supply chain sources have recently said that Apple will abandon the use of a five-year in-cell touchscreen on its 6.1-inch entry-level iPhone model this year, make the switching to the so-called External Touch Panel,  and that will make the touch module more expensive. In order to balance costs, Apple may give up the 3D Touch features, according to KGI's latest investor note (Via Feng)


First of all, Kuo claimed that Apple will use the CGS (Cover Glass Sensor) process on this year's 6.1-inch iPhone models, which means that the iPhone's touch module will indeed be transferred from the in-cell process to the surface glass. However, compared to other OGS and GFF touchscreen technologies, CGS has a smaller impact on the display result, high level of impact-resistant and weights lighter.

Secondly, KGI said that Apple will add a thin-film sensor in addition to the touch film sensor originally existed on CGS. Although it is not yet known what the additional layer is, it will result in a 15% increase in the cost of the screen, suggested it would price between $23 and $26.

So in order to cancel out the increased cost brought by the CGS process, Apple will remove the 3D Touch feature on this year's 6.1-inch LCD iPhone, and the company plans to use the CGS process for all iPhones (including OLED models) in 2019, meaning future models won't include 3D Touch anymore.

What do you of the upcoming changes? Do you think Apple will introduce a new way of interacting with iOS?

Image Via Shudhtech

Reliable Apple analyst Ming-Chi Kuo in a new investor note claimed that the upcoming 6.1-inch iPhone could be available in two models, one includes a single SIM that priced at $550-$650, while the second will be offering dual-SIM dual standby (DSDS) functionality, which has two SIM card slots.

6.1" LCD iPhone may have model that supports DSDS. If the 6.1" LCD iPhone comes with DSDS and single-SIM models, we believe it will result in two benefits: (1) more price segments would be created, significantly boosting shipments via the low-price single-SIM model. For instance, if the DSDS model sells for US$650-750, the single-SIM model may sell for US$550-650; and (2) the DSDS model will help increase market share in China and commercial markets.

The analyst clarifies that both the 6.1-inch and 6.5-inch devices will support DSDS, while the 5.8-inch iPhone for some reasons will not support it. The dual-SIM feature would make it easier for people to switch carriers when traveling, where Kuo believes it will "help increase market share in China and commercial market.”

Moreover. KGI predicts that mass production for the 5.8-inch iPhone model and 6.5-inch iPhone model start three to five weeks earlier than the low-priced version, as Apple plans to add a DSDS model. Kuo says 6.1-inch LCD model, in particular, that Apple could sell between 100 million and 120 million units from 3Q 2018 to 3Q 2019.

Image Via Pocketnow

According to KGI analyst Ming-Chi Kuo, Apple faced the biggest challenge in its innovation over past years has been in software, rather than its hardware. "In several cases we have seen Apple lagging in software versus hardware development, which bodes badly for its innovation strategy of software and hardware integration," said Kuo.


For instance, Kuo says that Apple's first-mover advantage in augmented reality has been caught up by Chinese smartphone maker OPPO in only six to nine months. And that's because augmented reality version of Honour of Kings to be compatible with both iPhones and OPPO's cheap smartphones, which will be coming to the U.S. soon.

The key is that OPPO is in charge of developing API, integrating hardware and software, and cooperating with SenseTime's algorithm and Tencent's game software development team

The analyst says that every since Apple has announced its AR platform at WWDC 2017, the company didn't saw any "heavyweight" augmented reality app for iPhones and iPads. Kuo adds that Apple should have to offer popular AR applications way before the Android camp did, as it has several advantages than its competitor have.

From our point of view, Apple indeed had multiple issues with the software quality lately, more and more bugs, as well as security vulnerabilities, have been discovered in iOS 11.3 and macOS 10.13. But reports from Bloomberg led us to believe that the company seems to be on the right track to improving quality of its software platform.

Image Via News4C

According to KGI Securities analyst Ming-Chi Kuo who rolled out with a trio of new investor notes that offer some additional info on the supplier breakdown for this year’s new iPhone models, the new-generation of iPhone X, and bigger iPhone X so-called iPhone X Plus, and a lower-priced 6.1-inch LCD iPhone.


Kuo says in terms of battery tech on this year’s iPhone lineup, the 6.5-inch OLED iPhone X Plus will pack an L-shaped battery between 3,3000 and 3,400mAh, up to 25 percent larger battery capacity than current iPhone X. As for the 5.8-inch OLED iPhone, is said to include a 2,700 to 2,800mAh battery, will be supplied primarily by Unimicron.

Meanwhile, for the 6.1-inch model that expected to be priced around $700-$800 in the US, KGI predicts it will pack 2,850 to 2,950mAh battery in rectangular shape, up to 8.5 percent larger than current iPhone X. It makes sense that the increased capacity will be the result of a smaller logic board given manufacturing advancements.

According to Kuo, the second-generation iPhone X and a larger 6.5-inch version of iPhone X Plus will each have an increased 4GB of RAM. The analyst predicts that the 6.1-inch iPhone will be continue to use 3GB of RAM but featured with a 3D sensing for Face ID and Animoji, and to lacks 3D Touch.


KGI claims there will be no improvements to be made to TrueDepth camera system until 2019. Nevertheless, he expects the devices to sell well, especially the lower-priced 6.1-inch iPhone, which he says will account for around 50 percent of the new models sold in the second half of 2018.

Via MacRumors And 9to5Mac, Image Credit Wccftech And Forbes

According to well-connected Apple analyst Ming-Chi Kuo, Apple to discounting the first-generation iPhone X when the second-generation model launches later this year, rather than bump it down its smartphone lineup at a price lower than $999, he believes Apple will introduce new models at the current prices.


He said that if Apple keeping the current iPhone X in its smartphone lineup for a reduced price, such as $899, will likely to cannibalize sales of the mid-range 6.1-inch iPhone with Face ID and an LCD display that is expected to launch in the fall of 2018 for between $650 and $750 in the United States.

iPhone X would hurt product brand value & lineup of 2H18 new models if it continues to sell at a lower price after 2H18 new models launch:Lowering iPhone Xs price after the 2H18 new models launch would be a negative to product brand value given 3D sensing and OLED display are features of the new high-price model. Additionally, to sell iPhone X at a lower price may have a negative impact on shipments of the new 6.1" LCD iPhone in 2H18. Thus, we estimate iPhone X will reach end-of-life (EOL) around the middle of 2018.

Kuo, on the other hand, said iPhone X has been a "strategic success" for Apple, cementing long-term competitive advantages for the company with Face ID and TrueDepth cameras. In his view, the 3D sensing capabilities in the iPhone X to pave the way for more advanced augmented reality and artificial intelligence applications.

It's widely believed that Apple is expected to expand the iPhone X lineup with a so-called "iPhone X Plus," boasting the size of a larger Plus-sized iPhone model with an edge-to-edge OLED screen. The company could also consist of the second-generation 5.8-inch iPhone X, which will likely remain $999, alongside the mid-range 6.1-inch iPhone.

According to KGI analyst Ming-Chi Kuo estimates that shipments of Apple's AirPods will rise around 100 percent to 26-28 million units in 2018. He also observed the trend of AirPods wireless headphone, Kuo pointed out in his report that AirPods, is the most important peripheral product in Apple's wireless ecosystem.


The analyst also predicts that Chinese company Luxshare-ICT and Taiwanese firm HLJ will play key role in AirPods supply chain. In the assembly, the AirPods in the past has been exclusively assembled by Inventec, but since the join of Luxshare and the improvement of the assembly process, AirPods shipping time now reduced to 1 to 3 days.

We believe demand for AirPods has been strong, and note that the shipping time of the product on Apple’s official shopping website has shortened to 1-3 days, mainly thanks to an improved assembly process and increased capacity from Luxshare-ICT as the new assembler (the previous sole supplier being Inventec (2356 TT, NT$22.65, OP)).

We expect AirPods to remain one of the most popular Apple accessories in 2018, with shipments likely to rise 100% YoY to 26-28mn units next year


Previously, AirPods' assembly efficiency was very low due to the integration of the W1 chip, two accelerators, dual optical sensor, one antenna and the Dual beam-forming microphones in small space, and they finally solved the problem. In addition, Luxshare may also enter the HomePod supply chain in the near future.

Via Street Insider And Feng, Image Credit CNET

According to KGI’s Ming-Chi Kuo, he's out with a new investor note this morning touching on iPhone X demand and supply. As Kuo explains in his note that while some believe the iPhone X’s quickly improving supply is due to low demand, he attributes it to production improvements with demand remaining strong.

According to the analyst, who frequently shares accurate information from Apple's supply chain, says iPhone X production issues "have been well addressed" in recent weeks, with Foxconn's production now at 450,000-550,000 units per day compared to just 50K-150K units a month or two ago as Apple geared up to launch the device.


The report pointed out that the two major bottlenecks that have caused the iPhone X supply have been largely resolved. First, Career quickly made up for the lost time after Murata was unable to deliver the LTE antenna components as originally planned. Second, LG and Sharp also improved the yield of dot projector modules in TrueDepth cameras.

(1) Hon Hai’s daily shipments of iPhone X have climbed to 450-550k units, up from 50-150k units 1-2 months ago; (2) shipments of Career’s LCP LTE antenna will likely grow 100% MoM in both November and December; and (3) production yield of Dot projection module, made by LG Innotek (KR) and Sharp (JP), has moved quickly above 80-90% or higher from below 60% 1-2 months ago

Due to improved production, Kuo believes that fourth quarter of iPhone X shipments may be 10% to 20% higher than his previous estimate, some of which are expected to be delivered by the end of the quarter. He predicts that this acceleration means that iPhone X shipments in the first quarter of 2018 will be flat or slightly lower than in the Q4.

Via 9to5Mac And MacRumors, Image Credit CNET

In a note to investors that was sent out yesterday, well-known Apple analyst Ming-Chi Kuo of KGI said that 2018 iPhones will feature upgraded LCP (liquid crystal polymer) antenna module, which will contribute faster LTE transmission speed. 


The new iPhone model will use at least two LCP LTE antenna modules, just like the iPhone X, while with improvements in support of the 4x4 MIMO standard. 4x4 MIMO, or Multiple-Input Multiple-Output has the potential to significantly improve LTE transmission speeds by increasing the number of data paths between a cellular tower and an iOS device to four.

Antenna design upgrade a key factor in anticipated boost to LTE transmission speed in new 2H18F iPhone models. As a LTE antenna FPCB material, LCP is superior to PI in properties related to high-frequency, thermal performance and moisture resistance. We predict 2H18 new iPhones will be equipped with two LCP LTE antenna modules same as iPhone X or more, but with higher specs to support 4x4 MIMO standards.

Last week, Kuo expects Apple to use the Intel XMM 7560 and Qualcomm Snapdragon X20 modems for its next-generation iOS devices, resulting in faster LTE speeds. Both chips support the 4x4 MIMO technology which mentioned earlier, while the current iPhone models support 2x2 MIMO.

In his previous report, He said that Apple is working on three new iPhone models for 2018, including a 5.8-inch OLED model similar to the current iPhone X, a 6.5-inch OLED models, considered "iPhone X Plus", and a new 6.1-inch LCD models, designed to be sold at a lower price. They will include edge-to-edge iPhone X-style displays and Face ID support.

Via MacRumors, Image Credit MR

According to reliable KGI Securities analyst Ming-Chi Kuo, Apple to introduce a trio of new iPhone models in 2018, including 5.8-inch and 6.5-inch models with OLED displays and a 6.1-inch model with an LCD display.

In addition to a new 5.8-inch OLED model as an updated iPhone X, Kuo expects Apple to introduce a 6.5-inch OLED model as an Plus-sized iPhone X in addition to a new 6.1-inch LCD model. All three models will feature the current full-screen design and include the TrueDepth Camera system.


The analyst expects the 5.8-inch model to have 458 pixels per inch, that similar to the current iPhone X's display which it have a resolution of 1,125×2,436. He said the 6.5-inch model will have roughly 480 to 500 PPI, while the 6.1-inch model is estimated to have between 320 and 330 PPI.

Two new OLED models target high-end market; new TFT-LCD model aims at low-end & midrange markets: We believe the major hardware difference in the two new OLED models is size, in a bid to satisfy various needs of the high-end market. The new TFT-LCD model will differ significantly from the OLED models in hardware and design specs (for instance, the PPI will be lower). The primary selling points of the TFT-LCD model may be the innovative user experience of an integrated full-screen design and 3D sensing with a lower price tag (we expect it will likely be US$649-749).

KGI said the 6.1-inch model will have a lower-resolution LCD display, and Apple target it to low-end and mid-range markets with an estimated $649 to $749 starting price in United States. Unfortunately, his research note didn't outline any pricing estimates for the next iPhone X or iPhone X Plus.


Kuo is upbeat on the shipments momentum of all three new iPhone models, and expects them to launch without any delays in 2018. With upwards of 120 million units expected to ship in the second half of next year, KGI describes next year’s lineup at the real super-cycle for iPhone sales.

Via MacRumors And 9to5Mac, Image Credit MR And iDB

KGI analyst Ming-Chi Kuo this morning is out with a new investor note touching on iPhone X demand through the 2017 holiday quarter. Kuo notes the negative impact the iPhone X will have on demand for the iPhone 8, which he anticipates that iPhone 8 production to see a 50-60 percent sequential decline this quarter.


The analyst explains that iPhone X production will hit between 25 million and 27 million units during the holiday quarter, with sell through between 22 million and 24 million. As for the first quarter of 2018, Kuo expects production to grow 35-45 percent quarter-on-quarter. After all, Kuo sees a strong iPhone X demand continuing into 2018.

Pegatron — iPhone 8 production to decline 50-60% QoQ in 1Q18F on lower-than-expected demand: With fewer major selling points and given a consumer preference for iPhone 8 Plus on a limited price gap, we expect iPhone 8 production orders to see 50-60% QoQ decline in 1Q18F, potentially shrinking Pegatron's utilization rate. But considering new iPhone orders may become more diverse (compared with a single model of iPhone 8 in 2H17), and assuming the new models will come with more compelling features than iPhone 8, we are positive on Pegatron's growth momentum in 2H18F.

Lastly, He says that the iPhone 8 Plus, on the other hand, is selling slightly above initial estimates. This, in part, KGI explains, is part of what is cannibalizing demand for the 4.7-inch iPhone 8. Of note, Kuo also predicts that Foxconn will convert its iPhone 8 Plus production lines to iPhone X line sometime in late Q4 to help fulfill additional orders.

Via MacRumors And 9to5Mac, Image Via PCMag

iPhone X is still brand new, but we're already starting to hear rumors about what to expect from next year's models. Reliable Apple analyst Ming-Chi Kuo said he believes iPhones released in 2018 will feature a "more complex" metal frame design and casing assembly for the purpose of improving data transmission quality.

Kuo said Taiwanese suppliers Catcher Technology and Casetek have won orders from Apple for the new metal frames, including two models with stainless steel frames, which likely includes the iPhone X and so-called iPhone X Plus.


Kuo notes that the iPhone X uses four parts for the stainless steel band around the casing, but new models next year may shift to using more parts. This would presumably result in a modified design visually, if accurate. As for what improved data transmission quality could mean, it’s not clear if this refers to some kind of a specific spec improvement or just modest improvements in general.

Orders for 2H18F iPhones are market focus; both Catcher and Casetek have won new orders. We believe the metal frame of 2H18F iPhone models will be composed of more parts (iPhone X has four parts) for improving data transmission quality. We believe Apple will need more metal frame and casing assembly capacity and new suppliers because of more complex metal frame design and casing assembly, while models equipped with AMOLED and stainless steel metal frame will increase to two (vs. only one — iPhone X — in 2H17).

We expect Catcher will obtain stainless steel metal frame and casing assembly orders. If Casetek can pass certification in late 4Q17 or early 1Q18, it also may win aluminum metal frame and casing assembly orders.

The analyst has also predicted ‘spec upgrades’ but no rear-facing TrueDepth Camera on next year’s iPhones. The TrueDepth Camera enable face-tracking features like Animoji as well as Face ID. He believes Apple will replace Touch ID with Face ID on all new iPhones next year. Face ID is also expected to come to new iPad Pros next year as well.

Via MacRumors And 9to5Mac, Image Credit Macworld UK
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