My latest industry survey

My latest industry survey indicates that Bright Laser Technologies (BLT) is a leading supplier and key beneficiary in producing the foldable iPhone’s hinge cover and middle frame NPI, both crafted from titanium alloy. The hinge cover is required to be very thin, while the middle frame requires hollow-out, resulting in a complex design that requires 3D printing technology for both components.

Currently, the combined unit price for the hinge cover and middle frame samples produced by BLT is around 800-900 RMB. Once mass production ramps up and yields improve, this price is estimated to drop to between 400 and 600 RMB. Assuming first-generation foldable iPhone shipments reach 20 million units, with BLT supplying 80% of these components, the company could see roughly 8 billion RMB in revenue from this product line in 2026–2027. BLT’s 2024 revenue is approximately 1.2 billion RMB, so the company is expected to experience significant revenue growth starting in 2026.

$Apple(AAPL.US)