Apple (AAPL) iPhone 8 OLED Model Not Expected to Have Fingerprint Sensor, Pushing Production Up a Week - Rosenblatt

Rosenblatt analyst Jun Zhang notes their industry research suggests Apple (NASDAQ: AAPL) will not include a fingerprint sensor in the upcoming iPhone 8 OLED model due to a low yield rate, and as a result, they believe iPhone 8 OLED mass production could move to the third week of September, a week earlier than previously expected.

On the other hand, they do not believe Apple has changed its 2H production forecast at this time due to the potential slower ramp of iPhone 8 OLED production, allowing some time for a yield rate improvement.

They expect iPhone 8 OLED production to be around 35-40 million units in 2H17 (5 million and 30-35 million in Q3 and Q4, respectively) and iPhone 7S/7S Plus production to be around 50 million units in 2H17 (15 million and 35 million in Q3 and Q4, respectively).

The firm maintained a Neutral and price target of $150.00

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $157.50 yesterday.

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