Inari Amer­ton and Glo­be­tron­ics likely to en­joy from Ap­ple’s ex­pected rising sales

New Straits Times - - BUSINESS - AMIR HISYAM RASID bt@me­di­aprima.com.my

THE lat­est iPhones, which were launched last week, are ex­pected to boost the earn­ings of lo­cal semi­con­duc­tor com­pa­nies like Inari Amertron Bhd and Glo­be­tron­ics Tech­nol­ogy Bhd, say an­a­lysts.

Ap­ple’s ex­pected high sales vol­ume could po­ten­tially drive Malaysian firms’ pro­duc­tion vol­ume higher, said the an­a­lysts, who gave an “out­per­form” rat­ing on the semi­con­duc­tor sec­tor.

Ap­ple re­cently launched three new iPhone mod­els — the iPhone Xs and Xs Max, and the lower spec iPhone Xr.

Mac­quarie Eq­ui­ties Re­search said it viewed the launch as pos­i­tive and ex­pected Malaysia’s semi­con­duc­tor com­pa­nies to ben­e­fit from the new iPhones.

“The sales vol­ume will be key, as it will de­ter­mine if there is a ramp-up in pro­duc­tion vol­ume above base de­mand,” said the re­search firm in a state­ment.

Mac­quarie said to­tal num­ber of LTE (long-term evo­lu­tion) bands sup­ported in the iPhone XR/XS had risen to 26 and 27.

Ad­di­tional bands should trans­late to ad­di­tional fil­ter con­tent, as well as more com­plex car­rier ag­gre­ga­tion (band com­bi­na­tions) at Inari, it added.

The iPhones XS/XS Max have added sup­port for 4x4 MIMO (mul­ti­ple in­put, mul­ti­ple out­put) gi­ga­bit LTE, as well as LAA (li­censed as­sisted ac­cess).

Mac­quirie said the LAA in­tro­duc­tion could in­volve an­ten­naplex­ing (al­low­ing WiFi and cel­lu­lar ra­dios to share an­ten­nae), and could boost de­mand for film bulk acous­tic res­o­nance (FBAR)con­tent.

Glo­be­tron­ics, which re­port­edly may get lower Ap­ple’s parts or­ders for iPhone mod­els this year com­pared with last year, is also likely to post stronger earn­ings in the sec­ond half of the year than the first half, with other smart­phone launches.

May­bank Re­search in its re­port said it ex­pected a bet­ter sec­ond half for Glo­be­tron­ics on an an­tic­i­pated surge in de­mand at the sen­sors busi­ness seg­ment to pre­pare for the smart­phone launches in the third quar­ter of this year.

“We make up­ward ad­just­ments in our prox­im­ity and wear­able sen­sor vol­umes to in­cor­po­rate strong first-half vol­ume ship­ments.

“We have also raised our ges­ture sen­sor vol­umes, in­cor­po­rat­ing ca­pac­ity ex­pan­sion un­der­taken by Glo­be­tron­ics as re­quired by ams AG, its key sen­sor client,” it said.

The Aus­trian firm, for­merly known as aus­tri­ami­crosys­tems AG, de­signs and man­u­fac­tures ad­vanced sen­sor so­lu­tions for ap­pli­ca­tions re­quir­ing small form fac­tor, low power, high­est sen­si­tiv­ity and multi-sen­sor in­te­gra­tion.


The new iPhone Xr is dis­played dur­ing an Ap­ple spe­cial event at the Steve Jobs Theatre in Cu­per­tino, Cal­i­for­nia, on Wed­nes­day.

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