- Lumentum Holdings (LITE +0.6%) seems to have scored an exclusive supply deal to provide key components for augmented reality and 3-D photography on the upcoming iPhone 8, according to an analyst.
- Rosenblatt's Jun Zhang -- who's posting a lot of key opticals information of late including a China Mobile component tender and its effects -- says the deal covers the supply of vertical-cavity surface-emitting lasers (VCSEL), a type of diode that at low power is used in optical mice and laser printers, but at higher power can be used as precise rangefinders and texture mappers.
- Lumentum had said in its earnings report that after posting $5M in revenue it received orders for $200M in bookings for the next quarter, that it boosted production capacity by 30% and that one customer was responsible for most of the demand. That road leads to Apple (NASDAQ:AAPL), Zhang suggests.
- Zhang had boosted Rosenblatt's price target on Lumentum earlier this month on the expectation that significant numbers of VCSEL lasers would appear in Apple products.
- Now read: Fabrinet: Some Issues, But I'm Buying The Dip
Original article