Apple is expected to upgrade the ultra-wide camera on the iPhone 16 Pro to 48MP, according to a new report from TF International Securities analyst Ming-Chi Kuo. Currently, the iPhone 15 Pro features a 12MP ultra-wide camera.
The ultra-wide camera of the iPhone 16 Pro series will be upgraded to 48MP/0.7um/(1/2.6") (vs. iPhone 15 Pro's 12MP/1.0um/(1/3.6")). The expected output specification is 12MP, which will significantly improve image quality. The iPhone 16 Pro ultra-wide camera remains the 6P lens design, so the lens unit price increase is limited. However, as the production yield continues to improve, the profit of Genius's ultra-wide lens will continue to increase.
Additionally, Kuo notes that Genius will start producing the periscope lens for the iPhone 16 Pro. Shipping is set to begin by 2Q24 or early 3Q24, contributing significantly to Genius' revenue of over NT$3 billion and profit in 2H24.
Replacement demand for the two iPhone 16 Pro models will benefit from the larger screen, increasing shipments by 5–10% compared to the iPhone 15 Pro series. Therefore, even considering the 10–15% price reduction of the periscope lens and Largan remaining the main supplier, the high unit price of the iPhone 16 Pro periscope lens can still contribute significantly to Genius' revenue and profit in 2H24.
Notably, an ultra-wide 48MP lens for the iPhone 16 Pro has also been predicted by Haitong Intl Tech Research analyst Jeff Pu and leaker Setsuna Digital.
Apple will likely release the iPhone 16 Pro this fall. Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates.
The ultra-wide camera of the iPhone 16 Pro series will be upgraded to 48MP/0.7um/(1/2.6") (vs. iPhone 15 Pro's 12MP/1.0um/(1/3.6")). The expected output specification is 12MP, which will significantly improve image quality. The iPhone 16 Pro ultra-wide camera remains the 6P lens design, so the lens unit price increase is limited. However, as the production yield continues to improve, the profit of Genius's ultra-wide lens will continue to increase.
Additionally, Kuo notes that Genius will start producing the periscope lens for the iPhone 16 Pro. Shipping is set to begin by 2Q24 or early 3Q24, contributing significantly to Genius' revenue of over NT$3 billion and profit in 2H24.
Replacement demand for the two iPhone 16 Pro models will benefit from the larger screen, increasing shipments by 5–10% compared to the iPhone 15 Pro series. Therefore, even considering the 10–15% price reduction of the periscope lens and Largan remaining the main supplier, the high unit price of the iPhone 16 Pro periscope lens can still contribute significantly to Genius' revenue and profit in 2H24.
Notably, an ultra-wide 48MP lens for the iPhone 16 Pro has also been predicted by Haitong Intl Tech Research analyst Jeff Pu and leaker Setsuna Digital.
Apple will likely release the iPhone 16 Pro this fall. Please download the iClarified app or follow iClarified on Twitter, Facebook, YouTube, and RSS for updates.