Apple Inc. AAPL is adding shipment estimates of its 20 W USB-C charger ahead of the launch of the iPhone 15 series.
What Happened: Ming-Chi Kuo, a notable analyst at TF International, said Apple has increased the shipment forecast of its 20 W USB-C charger by around 120% for the second and third quarters of 2023.
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The tech giant has set a shipment target of approximately 70 million units for Q 4 the year 2023, reflecting its optimism about the strong replacement demand for 20 W USB-C chargers following the switch to USB-C for the iPhone 15 series, according to Kuo.
The strong replacement demand for 20 W USB-C models is attributed to the growth, as they are the most cost-effective choice for iPhone users among Apple s chargers.
One potential factor driving the robust replacement demand could be that future iPhone 15 users might purchase more than one Apple 20 W USB-C charger to meet the need for more charging locations, according to Kuo.
It was previously reported that Apple saved $6.5 billion by removing chargers and earphones from its iPhone packaging, which started with the iPhone 12 series.
At the time, the tech giant said the decision was to reduce annual carbon emissions by two million tons.
According to Kuo's predictions, Apple expects to grow by 30% - 40% in 20 W USB-C charger shipments in 2023, a total of 230 -- 240 million units.
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