領益智造為iPhone 15系列改採USB-C與Apple顯著調升20W USB-C充電出貨預估的主要贏家 / LY iTech is the primary beneficiary of the transition to USB-C for the iPhone 15 series and Apple’s significant increase in 20W USB-C charger shipment estimations

郭明錤 (Ming-Chi Kuo)
2 min readMar 21, 2023
  1. 我的最新調查指出,Apple看好iPhone 15系列改採USB-C後的20W USB-C充電器強勁換機需求,故將2Q23與3Q23的20W USB-C充電器總出貨預估顯著調升約120%,並設定20W USB-C充電器在4Q23的出貨量約7,000萬顆。
  2. 受惠於強勁換機需求,Apple 20W USB-C充電器在2023年的出貨,預期將顯著增長30–40% YoY至2.3–2.4億顆。
  3. 我相信Apple將會最佳化通過MFi認證的充電器對iPhone 15的快速充電效能,而Apple的充電器中,對iPhone使用者而言20W USB-C充電器為最經濟實惠的選擇,故20W USB-C充電器的換機需求強勁。
  4. 另一個換機需求強勁的可能原因是,未來iPhone 15使用者在採購Apple 20W USB-C充電器時,可能不會只買一個,以滿足多地點充電需求。
  5. Apple 20W USB-C充電器的組裝供應商為領益智造與Flextronics,雖然後者的出貨比重略高於前者,但因後者的營收約是前者的5–7倍,故從對營收的貢獻程度而言,領益智造為Apple 20W USB-C充電器強勁換機需求的主要贏家。
  1. My latest survey indicates that Apple has significantly increased the total shipment forecast of its 20W USB-C charger by approximately 120% for 2Q23 and 3Q23 and has set 20W USB-C charger shipment at about 70 mn units for 4Q23, as it is optimistic about strong replacement demand for 20W USB-C chargers following the switch to USB-C for the iPhone 15 series.
  2. Apple’s 20W USB-C charger shipments in 2023 are anticipated to see a significant 30–40% YoY growth, amounting to 230–240 million units, thanks to the strong replacement demand.
  3. I believe Apple will optimize the fast charging performance of MFi-certified chargers for the iPhone 15. Among Apple’s chargers, the 20W USB-C model is the most cost-effective choice for iPhone users, resulting in strong replacement demand for 20W USB-C chargers.
  4. Another potential factor driving the robust replacement demand could be that future iPhone 15 users might purchase more than one Apple 20W USB-C charger to meet the need for more charging locations.
  5. LY iTech and Flextronics assemble Apple’s 20W USB-C chargers. While the latter has a marginally higher share of shipments than the former, its revenue is about 5–7 times greater than that of LY iTech. Consequently, regarding revenue contribution, LY iTech stands out as the primary beneficiary of the strong replacement demand for Apple’s 20W USB-C chargers.

--

--

郭明錤 (Ming-Chi Kuo)

天風國際證券分析師,分享科技產業趨勢觀察與預測。An analyst at TF International Securities. Sharing observations and predictions of tech industry trends.