iPhone 17, Huawei P70 Camera Upgrades to Drive Genius Growth

Genius, the major lens supplier for top-tier smartphones, is set for significant growth due to multiple high-end lens upgrades coming this year, according to Ming-Chi Kuo.

玉晶光為高階鏡頭升級週期再起的關鍵贏家：iPhone 17前相機升級、iPhone 16 Pro潛望鏡與超廣角、Vision Pro、與華為P70超廣角https://t.co/Qjkq8KJKyr

— 郭明錤 (Ming-Chi Kuo) (@mingchikuo)

January 4, 2024

Kuo says the iPhone 17’s front camera lens upgrade to 24MP will offer superior image quality compared to the iPhone 15 and 16. This advancement, where Genius plays a crucial role, will substantially boost its revenue by more than NT$3 billion.

For the iPhone 16 Pro series, Genius’ periscope lens is on schedule for shipment by late 2Q24 or early 3Q24. This contributes significantly to Genius’ expected revenue of over NT$3 billion and profit in 2H24.

Moreover, Genius has initiated mass shipments of high-unit-price pancakes for Vision Pro, projecting an approximate NT$1 billion revenue contribution in 2024. Vision Pro will also serve as a significant revenue source for Genius.

The ultra-wide lens for the iPhone 16 Pro series, another area where Genius plays a major role, will witness continuous profit growth. The upgraded 48MP/0.7um/(1/2.6″) lens will significantly enhance image quality, further bolstering Genius’ profits.

Additionally, Genius is the exclusive supplier for Huawei’s P70 series ultra-wide lens, expecting a substantial 100–120% YoY shipment growth compared to the P60 series. This move by Huawei will help Genius counter the off-season effect.

These developments underscore Genius’ crucial role in the smartphone industry’s advancement, positioning it for substantial growth and solidifying its dominance as a major lens supplier.