Sales For iPhone Might Keep Going Up In 2021, Driven By The Huge Demand On The Assembly Orders

Huachuang Securities once pointed out that as of the end of December last year, the supply chain estimated that the production volume of iPhone in 2020 would be 90 million to 95 million, far exceeding the 80 to 85 million expected in mid-December and the 75 Million expected in last October. Apple‘s production and sales may still grow this year.

It is reported that Apple has placed orders for iPhone production in the first half of this year to suppliers, the production of 95 million to 96 million units are required, mainly for the iPhone 12 series, including iPhone 11 and iPhone SE. Production orders have increased by 30% year-on-year. The latest research report released by the market research organization CIRP shows that from October to November 2020, the iPhone 12 series accounted for 76% of iPhone sales in the US market, and the iPhone 12 ranks the best-selling model, accounting for 27% of sales.

Driven by a large number of assembly orders for the iPhone 12 series, the Hon Hai Technology Group, the parent company of Apple’s foundry company Foxconn, had accumulated revenue of approximately US$71.735 billion in the fourth quarter of last year, exceeding market expectations of US$64.8 billion. In addition, according to news, Samsung will become the exclusive supplier of LTPO OLED displays for the next-generation iPhone 13. These panels will be used on two Pro models and run at 120Hz.