High Apple analyst unloads his large predictions by means of 2024, together with a folding iPhone

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

Whereas Apple’s newest iPhone hits retailer cabinets Friday, traders and analysts are already looking forward to see which years would possibly deliver 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 embody 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 may be outfitted 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 12 months, Kuo wrote, together with a cheaper iPhone SE with 5G connectivity. The present mannequin SE retails for $399. Apple can be engaged on a “extra inexpensive” iPhone with a 6.7-inch display screen, Kuo mentioned. Apple’s present cellphone with that dimension display screen, the iPhone 13 Professional Max, retails for $1,099 or extra.

Kuo warned that each one these predictions depend upon Apple’s and its suppliers’ growth 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 assist under-display fingerprint,” Kuo wrote, utilizing a time period for the second half of 2023. “Nonetheless, the foldable design would be 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 12 months’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 sizzling vendor. IPhone income was up 50% year-over-year final quarter.

Finally, Kuo expects 16% year-over-year progress by way of the variety of iPhones shipped in 2022, which might be principally iPhone 13 gross sales, and 5%-7% progress in 2023.

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

Preorder demand is increased for the dearer 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 components that it must construct its gadgets within the present quarter, Kuo believes that Apple has elevated manufacturing for its high-end gadgets and that offer is best than final 12 months as a result of the corporate addressed a scarcity of telephoto digital camera components.