Apple’s implementation of the periscope camera uses four prisms to extend the focal length of the lens to 120mm
The Tetraprism design uses four prisms to bounce light through tubes to reach the image sensor
Largan’s increased yield on Tetraprism zoom camera production allows it to supply the iPhone 16 Pro with the feature
大立光潛望鏡鏡頭良率/獲利顯著提升，為2024年潛望鏡相機顯著成長的主要受益者 / Largan’s periscope lens yield/profitability improves significantly, positioning it as a major beneficiary of the substantial growth of periscope cameras in 2024https://t.co/ysUk7QYrM1
— 郭明錤 (Ming-Chi Kuo) (@mingchikuo) November 21, 2023
But today Kuo has added another reason why, besides the larger iPhone 16 Pro screen size, Apple can include a periscope lens with the iPhone 16 Pro. That is Largan’s ability to raise its production yield on Tetraprism zoom cameras from 40% during the third quarter of this year to 70% during the fourth quarter of 2023. Kuo notes that at a 40% production yield, Largan’s gross margins were negative, and making the product for Apple lowered the firm’s earnings per share figure.
Apple, Huawei are the fastest-growing brands in global periscope camera smartphone shipments
Largan, says Kuo, will supply 85% to 90% of the Tetraprism zoom cameras being used by Apple in 2024 and 50% to 60% of the periscope lens assemblies used by Huawei. With yields improving and Apple and Huawei ordering more periscope cameras from Largan, Kuo says that the company’s profits next year will top Wall Street expectations. More importantly, it means that Largan can supply Apple with enough Tetraprism zoom cameras to allow iPhone 16 Pro buyers to experience 5x optical zoom.
