Home >Technology peripherals >It Industry >Luxshare Precision won the right to assemble iPhone 16 Pro Max, and profits are expected to increase significantly
According to news on May 18, Apple is expected to cooperate with Luxshare Precision to set up a production line in India to jointly benefit from the development of the Indian market and supply chain.
According to the predictions of well-known Apple analyst Ming-Chi Kuo, Luxshare Precision has successfully acquired the highest-end iPhone 16 model (Pro Max's new product intervention (NPI). This is also the first time that Hon Hai has failed to obtain the right to assemble new products for the highest-end iPhone assembly. Therefore, Luxshare Precision’s iPhone business profits are expected to begin to grow significantly in the second half of 2023.
Based on past iPhone assembly orders, profits will increase significantly when shipments exceed 30 million units that year. Luxshare Precision has previously received iPhone 15 Plus’s right to intervene in new products, and it’s also iPhone 15 and 15 Pro One of Max's two suppliers. Luxshare Precision is expected to ship 45-50 million iPhones in 2023 (note: approximately 20 million units in 2022).
Guo Mingchi pointed out that since November 2022, in order to spread risks, Apple has transferred some iPhone 14 Pro Max pre-orders to Luxshare Precision, because Luxshare Precision’s iPhone 14 Pro's maximum production yield improvement progress exceeded expectations. Therefore, Luxshare Precision has obtained the 2024 iPhone 16 Pro according to ITBEAR Technology Information Max’s right to assemble new products. This means that Apple believes that Luxshare Precision’s R&D and production capabilities have reached the level of first-tier suppliers. This capability improvement will also help increase Luxshare Precision’s iPhone business profits.
It is expected that by 2024, iPhone The right to intervene in the assembly of new products in the 16 series will include Luxshare Precision, Hon Hai and Pegatron. Luxshare Precision’s iPhone shipment unit price is expected to further increase before 2024. In addition, since Luxshare Precision will also receive orders for top-level iPhone modules from Pegatron, Luxshare Precision's vertical integration advantages will continue to expand, bringing it more profits.
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