Top Apple analyst unloads his iPhone predictions through 2024

A client walks previous an advert for Apple’s iPhone 12 exterior a retailer in Hong Kong on Could 24, 2021.

Budrul Chukrut | SOPA Pictures | LightRocket | Getty Pictures

Apple may launch a brand new iPhone with a fingerprint scanner beneath the display in 2023, and an iPhone with a foldable display in 2024, TF Securities analyst Ming-Chi Kuo mentioned in a observe on Monday.

Whereas Apple’s newest iPhone hits retailer cabinets Friday, traders and analysts are already looking forward to see which years would possibly convey large iPhone upgrades that drive progress and gross sales. Kuo is thought for precisely predicting Apple {hardware} releases earlier than they’re official as a result of he retains such shut tabs on the corporate’s provide chain.

In 2022, Apple’s high-end “professional” fashions may embrace a brand new design with a “punch-hole” show for the front-facing digital camera, as an alternative of the notch on present gadgets. These telephones is also geared up with a 48-megapixel wide-lens digital camera, Kuo wrote. That might imply a lot sharper photos.

Apple may additionally launch new lower-cost iPhones subsequent yr, Kuo wrote, together with a inexpensive iPhone SE with 5G connectivity. The present mannequin SE retails for $399. Apple can be engaged on a “extra reasonably priced” iPhone with a 6.7-inch display, Kuo mentioned. Apple’s present telephone with that measurement display, the iPhone 13 Professional Max, retails for $1,099 or extra.

Kuo warned that every one these predictions depend upon Apple’s and its suppliers’ improvement course of and that he had beforehand predicted a few of these gadgets would launch sooner.

“We predict that the brand new 2H23 iPhone will help under-display fingerprint,” Kuo wrote, utilizing a time period for the second half of 2023. “Nonetheless, the foldable design stands out as the most crucial promoting level for high-end smartphones by then, so we nonetheless want to observe the contribution of the under-display fingerprint to the cargo of the brand new 2H23 iPhone.”

Apple traders are curious whether or not this yr’s iPhones can proceed to develop gross sales regardless of new fashions with marginal enhancements equivalent to higher battery life. The iPhone 12 has been a scorching vendor. IPhone income was up 50% year-over-year final quarter.

In the end, Kuo expects 16% year-over-year progress when it comes to the variety of iPhones shipped in 2022, which might be largely iPhone 13 gross sales, and 5%-7% progress in 2023.

This yr, preorders for the iPhone 13 replicate increased demand than final yr’s preorders for iPhone 12 fashions, Kuo mentioned. Apple’s new iPhones will hit retailer cabinets Friday, and preorders opened final week for purchasers who wish to obtain their gadgets on the primary day. The supply estimates on Apple’s web site for preordered iPhones are a great tool to gauge client demand for the brand new gadgets, Kuo wrote.

Preorder demand is increased for the costlier new fashions, the iPhone 13 Professional and iPhone 13 Professional Max, which begin at $999 as an alternative of $699 for the mainstream fashions, Kuo mentioned.

Though Apple has warned about points getting the elements that it must construct its gadgets within the present quarter, Kuo believes that Apple has elevated manufacturing for its high-end gadgets and that provide is best than final yr as a result of the corporate addressed a scarcity of telephoto digital camera elements.

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