Ming-Chi Kuo

By MacRumors Staff
Ming-Chi Kuo is an analyst at TF International Securities, a financial services group in the Asia-Pacific region. He gathers intelligence from his contacts in Apple's Asian supply chain, translating the information he gleans into research notes for clients.

His research notes often provide a solid look at Apple's future plans and while he is not always correct, his predictions on future Apple products are accurate enough to make him one of the most reliable sources for Apple rumors. Kuo previously worked for KGI Securities, Concord Securities, and DigiTimes.

Ming-Chi Kuo Articles

Kuo: iPhone 12 Pro Demand Higher Than Expected

Sunday October 18, 2020 10:39 pm PDT by
TF International Securities analyst Ming-Chi Kuo released a research note this morning detailing what he's seen with the volume of iPhone 12 and iPhone 12 Pro pre-orders in the first weekend of sales. Kuo had previously indicated that Apple's estimated shipment allocations for the new iPhone models placed the ‌iPhone 12‌ at the top with 40-45% of inventory allocation (up from 15-20%)....

Kuo: Apple Betting 6.1" iPhone 12 Will Outsell 5.4" iPhone 12 Mini

Monday October 12, 2020 9:37 am PDT by
Apple believes the 6.1-inch iPhone 12 will outsell the 5.4-inch ‌iPhone 12‌ mini and the more expensive 6.1-inch iPhone 12 Pro and 6.7-inch ‌iPhone 12 Pro‌ Max, according to shipment estimates shared in an investor's note today by Apple analyst Ming-Chi Kuo. According to Kuo, Apple's estimated shipment allocations for the new iPhone models are as follows: 5.4-inch ‌iPhone 12‌ Mini - 20...

Kuo: Mini-LED Displays to Debut in Apple's Next iPad Pro

Tuesday September 22, 2020 11:45 pm PDT by
Following his report earlier this week indicating that Apple will be accelerating adoption of mini-LED displays in its iPad and Mac notebook lineups thanks to better than expected development from potential secondary supplier Sanan Optoelectronics, analyst Ming-Chi has released a new report today sharing a bit more perspective on the mini-LED display market as it relates to Apple. Kuo says...

Kuo: Apple to Accelerate Adoption of Mini-LED Displays in iPad and Mac Notebook Lineups

Sunday September 20, 2020 10:00 pm PDT by
Increased competition among Apple's suppliers for mini-LED display chips will accelerate the company's adoption of the advanced technology in its iPad and MacBook lineups, according to a new research note from analyst Ming-Chi Kuo seen by MacRumors. Kuo says that while Epistar had been predicted to be the exclusive supplier of mini-LED chips for Apple products in 2021, Sanan Optoelectronics...

Rumor Report Card: Assessing the Accuracy of Leaks After Apple's Event

Friday September 18, 2020 12:57 pm PDT by
Apple hosted its virtual "Time Flies" event this week, where it introduced four new products, including the Apple Watch Series 6, lower-cost Apple Watch SE, a 10.9-inch iPad Air with an all-screen design, and an updated 10.2-inch iPad with a faster A12 Bionic chip. As expected, there were no new iPhones, which are believed to be coming in October instead. Apple also announced that it will be ...

Kuo: iPhone 12 Lineup Won't Support 120Hz, 5.4-Inch Model Will Have Slightly Narrower Notch

Monday September 14, 2020 8:31 am PDT by
iPhone 12 models will not support a 120Hz refresh rate due to battery life considerations, reputable analyst Ming-Chi Kuo said today. Kuo expects the feature to debut on 2021 iPhones with lower-power LTPO display technology. In a research note obtained by MacRumors, Kuo added that the 5.4-inch iPhone 12 will feature a slightly narrower notch to adequately display information in the top-left...

Kuo: mmWave 5G iPhone Shipments Likely to Be Weaker Than Expected in 2020-21

Tuesday September 1, 2020 1:17 am PDT by
Apple's upcoming iPhone 12 models will all include 5G support, and several rumors have suggested that some if not all the new iPhones coming this fall will support both sub-6GHz and mmWave networks, which are two different 5G technologies that carriers are rolling out. The fastest technology, mmWave, will be used in dense areas like major cities. The longer-distance sub-6GHz networks will be...

Kuo: Apple Looking to Save on Costs in iPhone 12 With Simpler Battery Board Design

Thursday August 20, 2020 8:33 pm PDT by
Apple is looking to put a pricing squeeze on component suppliers for the upcoming iPhone 12 lineup to help offset increased costs for new 5G technology and minimize the need for price increases across the flagship lineup, according to a new research note from analyst Ming-Chi Kuo viewed by MacRumors. Kuo says adoption of Sub-6GHz 5G technology will increase Apple's costs by $75–$85, while...

Kuo: Global iPhone Shipments Could Decline Up to 30% If Apple Forced to Remove WeChat From App Store [Updated x2]

Sunday August 9, 2020 10:17 pm PDT by
In a worst-case scenario, Apple's annual global iPhone shipments could decline by 25–30% if it is forced to remove WeChat from its App Stores around the world, according to a new research note from analyst Ming-Chi Kuo viewed by MacRumors. The removal could occur due to a recent executive order aiming to ban U.S. transactions with WeChat and its parent company Tencent. Kuo lays out...

Kuo: iPhone 12 Camera Lens Supplier Experiencing Quality Issues, But May Not Affect Launch Schedule

Thursday August 6, 2020 9:30 pm PDT by
One of Apple's camera lens suppliers for the upcoming non-Pro iPhone 12 models is having quality issues, according to a new research note from analyst Ming-Chi Kuo seen by MacRumors. The issues are, however, unlikely to have an impact on Apple's shipping schedule, presuming that Apple's other main supplier can make up the difference. Kuo says that Genius Electronic Optical has discovered...

Kuo: Apple Silicon Macs to Include 13-inch MacBook Pro and MacBook Air This Year, 14.1-inch and 16-inch MacBook Pro Models Next Year

Friday July 10, 2020 2:58 am PDT by
At last month's WWDC, Apple officially announced that its Mac computers will be transitioned from Intel x86 to homegrown Apple Silicon chips. Apple said it plans to deliver the first ‌Apple Silicon‌ Mac by the end of the year and complete the transition in about two years. According to Apple analyst Ming-Chi Kuo, a 13.3-inch MacBook Pro with a form factor similar to the current 13.3-inch ‌Mac...

Kuo: 'AirPods 3' Expected to Use Similar System-in-Package Technology as AirPods Pro

Tuesday July 7, 2020 1:49 am PDT by
Apple's third-generation AirPods will adopt a compact system-in-package (SiP) solution similar to AirPods Pro, according to the latest research note from TF International Securities analyst Ming-Chi Kuo, obtained by MacRumors. Apple is expected to launch new entry-level ‌AirPods‌ with a form factor design similar to ‌AirPods Pro‌ in the first half of 2021, and Kuo's latest note advances his e...

Kuo: Largan to Ship 'High-End' Camera Lenses for 'iPhone 12' From Mid-July

Friday July 3, 2020 1:56 am PDT by
Apple's upcoming "iPhone 12" will feature "high-end" lens arrays in the rear camera to improve image quality, according to respected analyst Ming-Chi Kuo. In a new research note seen by MacRumors, Kuo says Largan will supply the premium camera lenses to Apple for the phones from mid-July, although Apple has received the same components slightly earlier in the last couple of years....

Kuo: Apple to Launch 10.8-Inch iPad Later This Year, 8.5-Inch iPad Mini in 2021

Sunday June 28, 2020 9:04 am PDT by
Apple plans to launch a new 10.8-inch iPad in the second half of 2020, followed by a new 8.5-inch iPad in the first half of 2021, oft-reliable analyst Ming-Chi Kuo said today in a research note obtained by MacRumors. Kuo did not specify if the 10.8-inch iPad model will be a new version of the existing 10.2-inch iPad or the 10.5-inch iPad Air, but he has previously said that the 8.5-inch...

Kuo: iPhone 12 Models Won't Include Charger in Box, 20W Power Adapter Will Be Sold Separately

Sunday June 28, 2020 7:56 am PDT by
iPhone 12 models will not include EarPods or a power adapter in the box, analyst Ming-Chi Kuo said today in a research note obtained by MacRumors. This lines up with a prediction shared by analysts at Barclays earlier this week. Kuo said that Apple will instead release a new 20W power adapter as an optional accessory for iPhones and end production of its existing 5W and 18W power adapters...

Kuo: 24-Inch iMac With New Design to Launch in Fourth Quarter of 2020

Monday June 22, 2020 10:04 pm PDT by
Apple plans to launch a 24-inch iMac with a new design in the fourth quarter of 2020, analyst Ming-Chi Kuo said today in a research note obtained by MacRumors. Earlier this week, Kuo claimed that this redesigned iMac will be one of Apple's first two Mac models with a custom Arm-based processor, with the other being a future 13-inch MacBook Pro. Following years of rumors, Apple today confir...

Kuo: AirPods 3 to Launch in First Half of 2021 With Similar Design as AirPods Pro

Monday June 22, 2020 4:08 am PDT by
Apple plans to launch third-generation AirPods with a form factor design "similar to AirPods Pro" in the first half of 2021, according to the latest research note from TF International Securities analyst Ming-Chi Kuo, obtained by MacRumors. Introduced in November 2019, the AirPods Pro feature an in-ear design with three sizes of soft, flexible silicone tips included in the box, along with...

First Arm-Based Macs to Be 13-Inch MacBook Pro and Redesigned iMac, Launches Coming in Late 2020 or Early 2021

Sunday June 21, 2020 9:18 am PDT by
Apple plans to introduce its Arm-based custom designed chips for Macs at WWDC, Apple analyst Ming-Chi Kuo said in a note to investors today, agreeing with an earlier report from Bloomberg. Kuo says that the first Mac models to adopt Arm-based chips will be the 13.3-inch MacBook Pro and an iMac with a redesigned form factor, with Apple planning to launch the new models in the in fourth...

Kuo: iPhone 12 May Not Come With EarPods in the Box, Apple to Introduce AirPods Promotion in Second Half of 2020

Wednesday May 20, 2020 1:41 am PDT by
Apple's upcoming "iPhone 12" may not come with EarPods included in the box, as a means of driving demand for the company's popular wireless AirPods which are sold separately, according to reputable Apple analyst Ming-Chi Kuo. Apple has included earbuds with the iPhone ever since the first model of the smartphone launched in 2007, in large part because the ‌iPhone‌ was pitched as a natural...

Kuo: Apple Glasses to Launch in 2022 at Earliest, New 10.8-Inch iPad and 9-Inch iPad Mini Coming in 2020/2021

Thursday May 14, 2020 9:40 am PDT by
Apple has long been rumored to be working on some kind of augmented reality headset, and in a new note to investors, Apple analyst Ming-Chi Kuo said that he expects the Apple Glasses to launch in 2022 at the earliest. Taiwanese site DigiTimes also recently said that Apple's AR glasses could launch by 2022 as suppliers work to ramp up development, and The Information has also suggested a 2022 ...