According to industry chain sources, due to strong market demand, Apple has placed orders for iPhone production in the first half of this year to suppliers, requiring the production of 95 million to 96 million units, mainly iPhone 12, an increase of 30% year-on-year. Foxconn's parent company, Hon Hai Technology Group, has accumulated revenue of approximately US$71.735 billion in the fourth quarter, exceeding market expectations of US$64.8 billion.
Pacific Securities Wang Lingtao pointed out that as of the end of December last year, the supply chain expected iPhone production to be 90 to 95 million units, far exceeding the 80 to 85 million expected in mid-December, and the 75 million expected in late October. In the following first and second quarters of this year, production and sales may continue to be revised upwards. This is a scene that has not appeared since the iPhone 6 in 2014. With the further improvement of the 5G mobile phone ecosystem and the continuous development of AI artificial intelligence, the electronic technology industry will retain better growth momentum.
Luxshare Precision (002475) is a supplier of vertical integration of Apple Watch and iPhone assembly and shipment;
Pengding Holdings (002938) manufactures FPC and PCB for consumer electronics, and its consolidated operating income in December last year increased by 69.46% year-on-year.