Luxshare Precision acquires iPhone 16 Pro Max assembly rights, performance will grow significantly

It is reported that Apple and Luxshare Precision may join forces to establish production lines in India to promote the development of their market and supply chain in the country. This news comes from the predictions of well-known Apple analyst Ming-Chi Kuo.

According to Ming-Chi Kuo, Luxshare Precision has obtained the highest-end iPhone 16 model in 2024 (Pro New Product Introduction (NPI) for Max. This achievement means that Hon Hai has not obtained the right to assemble the highest-end iPhone for the first time, and Luxshare Precision’s iPhone business profits are expected to begin to grow significantly in the second half of 2023.

Based on previous iPhone assembly orders, Luxshare Precision’s profits will increase significantly when annual shipments exceed 30 million units. Luxshare Precision has previously obtained iPhone 15 NPI for Plus, and also iPhone 15 and 15 Pro Max's second supplier. Luxshare Precision's iPhone shipments are expected to reach 45 million to 50 million units in 2023 (compared to approximately 20 million units in 2022).

Ming-Chi Kuo pointed out that after November 2022, in order to spread risks, Apple has transferred some iPhone 14 Pro Max pre-orders to Luxshare Precision. Thanks to Luxshare Precision in iPhone 14 More progress than expected on maximum production yield improvements for Pro, company has secured 2024 iPhone 16 Pro Max's assembly NPI. This shows that Apple believes that Luxshare Precision’s R&D and production capabilities have reached the level of first-tier suppliers. This capability improvement is very beneficial to the profit improvement of Luxshare Precision’s iPhone business.

Ming-Chi Kuo predicts the iPhone in 2024 The 16 series assembly NPI will cover Luxshare Precision, Hon Hai and Pegatron. It is expected that Luxshare Precision’s iPhone shipment unit price will further increase before 2024. In addition, as Luxshare Precision will also benefit from Pegatron's iPhone top-level module order, the company's vertical integration advantages will continue to expand and bring profit growth.

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