Apple’s new products are successively listed, and the second half of the year will enter the peak season for sourcing, and the relevant supply chain will also have large orders; Fucai Investment Control (3714-TW) Is the supplier of Mini LED backlight components for iPad and MacBook Pro, Opto Lei (2340-TW) Is supplying Apple Watch 7 sensing components, benefiting from the rising momentum of Apple’s pull of goods, Fu Cai and Guang Lei’s operations in the fourth quarter are simultaneously prosperous.
Fortune is a major supplier of Mini LED backlight components for Apple’s iPad and MacBook. Benefited from mass production and shipment of iPad Pro products, revenue has increased month by month since March this year. It is also reported that Apple’s MacBook Pro with Mini LED panels will be launched in October. After going public, although the supply chain yield problem was reported previously, it started to pull goods in August, which also pushed up Fortune’s August revenue to reach a record high of 3.538 billion yuan.
Fortune’s second quarter Mini LED revenue accounted for more than 20%. As iPad and MacBook Pro shipments continue to increase, the third quarter revenue share is expected to rise again, and the amount of Mini LED for notebook panels is as high as tens of thousands. With the expansion of notebook product shipments, Fortune will continue to climb the peak in the fourth quarter.
In response to customer demand, Fortune plans to expand the overall Mini LED front-end and back-end production capacity from the fourth quarter to the first quarter of next year. The expansion will reach 2-3%. Next year, through the transfer of China’s LED production capacity, the goal is to expand production throughout the year. In terms of range, 50%.
Opto Lei entered the Apple Watch supply chain last year, and also provided photodiodes (PD) and LEDs for sensing components, becoming the main supplier of Apple Watch sensors. Although it was previously reported that the quality of Apple Watch 7 series panel modules had encountered problems, they have been resolved and Apple also announced that it is expected to be available at the end of this fall.
OptoLei currently has a market share of 50% of the wearable device sensing components. In the second half of the year, as new products from wearable customers such as Apple enter the peak season for sourcing, business activities will heat up, revenue is expected to grow quarter by quarter, and gross profit margin will also be better than In the first half of the year.