Was Apple kicked out of the front camera supply chain? Wingtech Technology responded

Core Tip: According to the news on May 26, in response to the rumor that the quality of the front camera module did not meet customer requirements, the front camera module supply chain was excluded by Apple, a major overseas customer, Wingtech Technology responded on the investor interaction platform that the company The business is progressing normally and there is no product quality problem.
According to the news on May 26, in response to the rumor that the quality of the front camera module did not meet customer requirements, the front camera module supply chain was excluded by Apple, a major overseas customer, Wingtech Technology responded on the investor interaction platform that the company's business progress Normal, there is no product quality problem.

Korean media recently reported that Apple’s iPhone 14 front camera components did not choose the Chinese manufacturers they cooperated with before, but instead chose Sharp and LG Innotek.

According to Korean media, Apple originally planned to use LG's lens on the iPhone 15, but it seems that the plan is ahead of schedule. The change is largely down to Apple's reclassification of the front-facing camera as a "high-end" component, with reports that the new front-facing camera will cost nearly three times as much as previous iPhone models.

According to public information, Wingtech is mainly engaged in technology research and development related to mobile communications, semiconductors, electronic components and materials. The company's main products include semiconductors, new electronic components, optical modules, and smart terminals such as mobile phones, tablet computers, notebook computers, servers, and automotive electronics.

It is reported that Wingtech Technology once won the supply order for iPhone lenses in December last year, and at that time, Apple called Apple a "special overseas customer" in the announcement. Although Wingtech is tight-lipped about specific customer information, the industry basically It can be determined that it refers to Apple.

Wingtech's 2021 annual report shows that in 2021, Wingtech's main business income abroad will be 28.263 billion yuan, a year-on-year decrease of 14.06%, but it is still higher than its domestic main business income of 24.225 billion yuan.

According to a report from Alpha Factory, some analysts said that even if there is no product quality problem in Wingtech's camera module business, it is an indisputable fact that the prosperity of the consumer electronics industry to which the company belongs is declining. Credit Suisse, a well-known institution, recently released a report, downgrading its forecast for global mobile phone shipments, saying that the reason for the downgrade is: weak demand.

In terms of secondary market performance, as of press time, Wingtech Technology fell 5.63% to 63.31 yuan per share, with a total market value of 78.868 billion yuan. According to the current quotation, its share price has dropped by nearly 56% from the relative high of 143.88 yuan per share on December 17, 2021.