According to foreign media reports, Apple headset AirPods Chinese assembler Lixun Precision announced the first half of the profit. Sales growth of about 80%, the market is expected to significantly increase the company.
Some analysts said that Lixun Precision, which is regarded as the leader in China’s consumer hardware industry. Is expected to become an important component supplier for wearable devices such as Apple Watch. Investment companies such as Goldman Sachs, CICC and Morgan Stanley raised their target price. After Licensing announced its results later Tuesday.
Lixun Precision is the largest manufacturer of many consumer electronics products in China. These manufacturers have begun to win more orders from established OEMs such as Foxconn. Lixun Precision has become a major supplier of Apple AirPods in recent years. And AirPods is one of the fastest-selling consumer accessories on the market. TF international analysts estimate that AirPod shipments may increase by 60% to 70% in 2019 and 50% to 60% in 2020.
Thanks to its comprehensive product line and expertise in the development and production of precision electronic components. Lixun Precision is in a period of rapid growth, especially its professionalism provides a defensive moat. Csc International Analysis Zhu Jixiang said. “Apple’s AirPods is a bright spot on the market. And Lixun Precision has a significant share of the product assembly market.”
Lixun’s share price fell 2% on Wednesday. However, Yao Huang Securities analyst analyst Mark Huang attributed part of it to a conservative forecast of 18% to 38% growth in net profit for the current quarter.