Does BOE no longer provide screens for Apple? Supply chain: materials are still in the verification stage and will continue to be supplied
March 7, 2023
Core tip: BOE recently reported that BOE A (000725) had difficulty supplying screens for Apple's iPhone 15 series. On March 6, the reporter of the surging news learned exclusively from the supply chain that all the panel factories supplying Apple are at the verification stage, and it is too early to judge the supply results. BOE should continue to supply the iPhone 15 series screens this year.
Recently, Korean media reported that BOE A (000725) had difficulties in supplying screens for Apple's iPhone 15 series. On March 6, the reporter of the surging news learned exclusively from the supply chain that all the panel factories supplying Apple are at the verification stage, and it is too early to judge the supply results. BOE should continue to supply the iPhone 15 series screens this year.
Earlier, the Korean media The Elec reported that it was expected that BOE would not be able to produce the first batch of OLED screens for the iPhone 15 series released by Apple later this year. According to Korean media, Samsung and LG may be the only two companies expected to participate in the mass production of the iPhone 15 series OLED, which is expected to be completed by June.
The aforementioned supply chain personage told the surging news reporter that there are often rumors about Apple's screen supply. The Korean media should be false news. From Apple's perspective, it is hoped that more suppliers will be included in the procurement system to avoid excessive dependence on a certain supplier. Therefore, it is also normal for suppliers to compete for share. "At present, each supplier is in the verification stage, and there is no way to say how much share each supplier has."
According to public information, BOE has successfully completed Apple's supply of iPhone 12 OLED panels for three consecutive years since it entered Apple's mobile phone supply chain in 2020, and its share of supply has continued to increase.
As of the press release by the surging news reporter, BOE has not commented on this matter.
BOE Technology Group Co., Ltd. is a leading enterprise in the field of semiconductor display in the world. Its LCD panel ranks first in the world. In recent years, OLED screens are also expanding market share. According to the data of RUNTO, in 2022, BOE's flexible OLED panel shipments reached 79.5 million pieces, up 22.6% year on year in 2021. Among them, the volume of iPhones shipped to Apple reached 31 million, up 89% from 2021.
A few days ago, BOE said on the investor interaction platform that in 2022, the company basically reached the target of flexible OLED shipment, and it is expected that the flexible OLED shipment will continue to maintain the growth trend in 2023. In the future, the company will continue to increase the shipment volume of flexible OLED products and focus on increasing the proportion of high-end products to continuously improve the operation of flexible OLED business.
Affected by the decline in panel prices, BOE's operating revenue in the first three quarters of 2022 was 132744 billion yuan, down 19.45% year on year; The net profit attributable to the parent company was 5.291 billion yuan, down 73.75% year on year. However, the agency expects that the panel business will get out of the undervaluation this year and the price will gradually rise.