Earnings GrowthSunny Optical announced a positive profit alert for 1H24, and expected to report 1H24 earnings growth of 140-150% YoY, driven by stronger GPM/ASP growth on better product mix and smartphone market recovery.
Market PositionSunny Optical commands approximately 30% market share in handset lens set globally in terms of shipment.
Product ExpansionSunny Optical is positioned to expand its role with the upcoming iPhone 16 Pro, which will feature an upgraded 48-megapixel ultra-wide camera lens.