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Apple’s CY 2020 iPhone Shipments Expected to Reach 212m, up 9% Y/Y
 
Apple will be one of the beneficiaries of the Huawei shortfall in Q420 and is expected to shipment 81m iPhones vs. its target of 65m, resulting in a FY shipments of 212m. Summarizing the year:
 

• Q120 – 39m iPhones, a decline of 11m from Apple’s plan. SE 2 shipments were 1m units
• Q220 – 44m iPhones. SE 2 shipments were 12m units
• Q320 – 48m iPhones, SE 2 shipments were 11m units
• Q420 – 81m iPhones, New models 62m-69m, SE 2 shipments were 10m units

In Q121, 56m phones are forecast, up 44% Y/Y and 2021 shipments are forecast at 225m, up 6% Y/Y. Sharp’s acquisition of Japan Display (JDI)’s Hakusan plant has raised the possibility of new LCD models (iPhone SE3) being launched in 2022. Apple’s success with the SE2 supports a continued release of LCD models thru 2025–2026. The percentage of LCD panels supply by Sharp is now trending higher and supply as JDI trending lower as Apple no longer has a prepayment for displays with JDI.
 
Table 1:iPhone Shipments by Model  2013-2023