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Top Apple analyst unloads his iPhone predictions through 2024


A client walks previous an advert for Apple’s iPhone 12 outdoors a retailer in Hong Kong on Might 24, 2021.

Budrul Chukrut | SOPA Photographs | LightRocket | Getty Photographs

Apple might launch a brand new iPhone with a fingerprint scanner beneath the display in 2023, and an iPhone with a foldable display in 2024, TF Securities analyst Ming-Chi Kuo mentioned in a be aware on Monday.

Whereas Apple’s newest iPhones hit retailer cabinets on Friday, traders and analysts are already looking forward to see which years may carry massive iPhone upgrades that drive development and gross sales. Kuo is understood for precisely predicting Apple {hardware} releases earlier than they’re official as a result of he retains such shut tabs on the corporate’s provide chain.

Subsequent yr, in 2022, Apple’s high-end “professional” fashions might embody a brand new design with a “punch-hole” show for the front-facing digital camera, as a substitute of the notch on present units. These telephones is also outfitted with 48-megapixel wide-lens digital camera, Kuo wrote. That may imply a lot sharper photos.

Apple might additionally launch new lower-cost iPhones subsequent yr, Kuo wrote, together with a cheaper iPhone SE with 5G connectivity. The present mannequin SE retails for $399. Apple can be engaged on a “extra inexpensive” iPhone with a 6.7-inch display, Kuo mentioned. Apple’s present telephone with that measurement display, the iPhone 13 Professional Max, retails for $1,099 or extra.

All these predictions depend upon Apple and its suppliers’ growth course of, Kuo warned, and that he had beforehand predicted a few of these units would launch sooner.

“We predict that the brand new 2H23 iPhone will assist under-display fingerprint,” Kuo wrote, utilizing a time period for the second half of 2023. “Nevertheless, the foldable design will be the most important promoting level for high-end smartphones by then, so we nonetheless want to observe the contribution of the under-display fingerprint to the cargo of the brand new 2H23 iPhone.”

Apple traders are curious whether or not this yr’s iPhones can proceed to develop gross sales regardless of new fashions with marginal enhancements like higher battery life. The iPhone 12 has been a sizzling vendor. IPhone income was up 50% year-over-year final quarter.

Finally, Kuo expects 16% year-over-year development by way of the variety of iPhones shipped in 2022, which might be principally iPhone 13 gross sales, and 5-7% development in 2023.

This yr, pre-orders for the iPhone 13 replicate greater demand than final yr’s pre-orders for iPhone 12 fashions, Kuo mentioned. Apple’s new iPhones hit retailer cabinets on Friday, and pre-orders opened final week for patrons who need to obtain their units on the primary day. The supply estimates on Apple’s web site for pre-ordered iPhones are a useful gizmo to gauge client demand for the brand new units, Kuo wrote.

Pre-order demand is greater for the dearer new fashions, the iPhone 13 Professional and iPhone 13 Professional Max, which begin at $999 as a substitute of $699 for the mainstream fashions, Kuo mentioned.

Though Apple has warned about points getting the elements that it must construct its units within the present quarter, Kuo believes that Apple has elevated manufacturing for its high-end units and that provide is best than final yr as a result of the corporate addressed a scarcity of telephoto digital camera elements.