Anjie Technology is the new beneficiary of the newly designed folding iPad. There may not be new iPad products in the next 9-12 months (the new iPad mini is more likely to be mass-produced in 1Q24), so conservative about iPad shipments in 2023, and the shipments are expected to decline by 10-15% YoY. However, I am looking forward to the folding iPad in 2024 and expect this product to benefit shipments and improve the product mix.
Ming-Chi Kuo’s latest research indicates that the foldable iPad will come with a carbon fiber stand, which would make the stand lighter and more durable. Anjie Technology is a polishing and bonding supplier of carbon fiber support frames for folding iPads. It is expected to continue to benefit from the new trend of folding devices equipped with support frames in the future.
Anjie Technology will be the new beneficiary of the all-new design foldable iPad. There may be no new iPad releases in the next 9-12 months as the iPad mini refresh is more likely to begin mass production in 1Q24.
Thus, MCK taking a cautious approach to iPad shipments for 2023, predicting a YoY decline of 10-15%. Nevertheless, they’re positive about the foldable iPad in 2024 and expect this new model will boost shipments and improve the product mix.
MCK’s latest survey indicates that the foldable iPad will feature a carbon fiber kickstand. Carbon fiber material will make the kickstand lighter and more durable. Anjie Technology, as a polishing and bonding supplier of the carbon fiber kickstand for the foldable iPad, is expected to continue benefiting from the growing trend of foldable devices equipped with kickstands in the future.