Structural changes for iPhone’s high-end camera supply chain; Sony, Largan, Alps, and LG Innotek benefit markedly from the latest A16 processor being exclusive to iPhone 14 Pro/high-end models
- The latest A16 processor will be exclusive to two iPhone 14 Pro/high-end models, significantly boosting the shipment proportion of new iPhone high-end models in 2H22 to 55-60% (vs. 40–50% in the past).
2. The marked increase in the shipment proportion of iPhone 14 high-end models benefits the major high-end component suppliers of the rear camera, including Sony (CIS), Largan (lens), Alps (VCM/OIS), and LG Innotek (CCM).
3. Thanks to the increase in the shipment proportion of the iPhone 14 high-end models, the significant YoY growth for the output value of iPhone 14’s rear CIS, lens, VCM/OIS, and CCM would be 30–35%, 20–25%, 15–20 %, and 30–35%, respectively.
4. Excluding the lower-spec ToF, the shipment allocations for iPhone 14 Pro’s rear camera components of Sony (CIS), Largan (lens), Alps (VCM/OIS), and LG Innotek (CCM) are 100%, 60–70%, 60–70%, and 100%, respectively.
5. The latest processor chip will be exclusive to iPhone high-end models in the future, so a high shipment proportion of iPhone high-end models will be the norm, favoring high-end camera component suppliers.
iPhone高階相機供應鏈的結構性改變；Sony、大立光、Alps和LG Innotek顯著受益於僅iPhone 14 Pro/高階機型採用最新的A16處理器
1. 僅兩款iPhone 14 Pro/高階機型採用最新的A16處理器，這將大幅推升2H22新款iPhone高階機型的出貨比例至約55-60% (過去40–50%)。
2. iPhone 14後置相機的主要高階零組件供應商，可望顯著受益於iPhone 14高階機種出貨比例明顯增加，包括Sony (CIS)、大立光 (鏡頭)、Alps (VCM/OIS) 和LG Innotek (CCM)。
3. 受益於於iPhone14高階機型出貨比例提升，iPhone14的後置CIS、鏡頭、VCM/OIS和CCM的產值預期將大幅YoY成長分別30–35%、20–25%、15–20%和30–35%。
4. 若不包括低規格的ToF，iPhone 14 Pro的後置相機主要零組件供應商，包括Sony (CIS)、大立光 (鏡頭)、Alps (VCM/OIS) 和LG Innotek (CCM) 的出貨比重分別為100%、60–70%、60–70%和100%。
5. 未來只有iPhone高階機型會配備最新的處理器，因此iPhone高階機型的高出貨比例將成為常態，有利於高階相機零組件供應商。
