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According to reports, well-known Apple analyst Guo Mingchi of Tianfeng Securities released a research report this week, saying that in the first quarter of fiscal year 2021 as of the end of December, Apple’s performance may be better than market expectations, and A-share Apple supply chain vendors will Ushered in a rebound in stock prices.
Guo Mingchi stated in his research report that due to the higher-than-expected demand for most hardware products, the optimization of the iPhone product portfolio, and the resumption of shipment growth in the Chinese market, Apple’s first-quarter financial report to be announced in late January may be better than market prediction. This will help dispel the market’s worries about Apple’s hardware product inventory correction in the first half of the fiscal year.
According to Guo Mingchi’s forecast, iPhone shipments in the first fiscal quarter will increase by 20% year-on-year to 85 to 90 million units. Among them, the iPhone 12 series accounted for about 65% to 70% of the overall shipments. In addition, demand for the iPhone 12 Pro series will be better than that of the iPhone 12 and iPhone 12 mini, which will help increase the average selling price of the iPhone product line.
In terms of Apple supply chain manufacturers, the A-share Apple Supply Chain Company’s share price performed the weakest in the world in the fourth quarter, mainly due to the slower-than-expected growth rate of AirPods shipments in 2021 and the intensified competition among Chinese manufacturers. However, the research report pointed out that these negative factors have been reflected, and considering that the advantage of Chinese manufacturers in obtaining orders from overseas competitors still exists, and the long-term competitive advantage brought by vertical integration, Apple’s better-than-expected first-quarter financial report is expected to promote The recent stock price of A-share Apple Supply Chain Company.
The report has a positive view on the growth of iPhone, iPad, Apple Watch and MacBook in 2021. Among them, the most important iPhone and Apple Watch for A-share Apple supply chain manufacturers, the report predicts that shipments in 2021 will both increase by 15% to 20% year-on-year, reaching 230 million and 41 million units respectively.
The Apple supply chain companies involved in the research report mainly include Luxshare Precision, San’an Optoelectronics, Pengding Holdings, Dongshan Precision, USI Electronics, Changjiang Electronics Technology, Zhongshi Technology and Changying Precision.