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Kuo: Apple plans to upgrade the high-end iPhone 18's wide-angle lens in 2026 to a variable aperture camera; Sunny Optical will be the primary shutter supplier

Key Growth Drivers for Sunny Optical's Apple Orders in 2025-2026:  —  1. Lens Supply Allocation to Rebound Significantly from ~5% in 2024 to 15-20% in 2025

Ming-Chi Kuo

Context & Ripple Effects

Apple’s camera-upgrade path has repeatedly shifted supplier requirements: earlier coverage tied a new ultra-wide supplier to improved low-light performance, while the Pro Max’s exclusive periscope camera was positioned as a premium-model selling point.

This report extends that pattern to the main wide camera and identifies Sunny Optical as a key beneficiary. It also follows forecasts that Sunny’s Apple lens allocation could recover materially in 2025 after a low 2024 share.

First-order effects

  • Apple’s planned 2026 high-end iPhone camera change would add a variable-aperture mechanism to the wide-angle module, making the shutter assembly a named sourcing requirement.
  • Sunny Optical is positioned to supply that shutter assembly and to increase its Apple-related lens business under the cited allocation forecast.

Second-order effects

  • Camera-module and lens suppliers competing for premium iPhone content will need to support more mechanically complex wide-camera designs, rather than compete only on conventional lens supply.
  • Apple gains another component-level distinction for its high-end phones, consistent with its earlier use of periscope telephoto capability and upgraded ultra-wide hardware to differentiate camera systems.

Third-order effects

  • If Apple continues to reserve more advanced optics for high-end models, smartphone camera differentiation is likely to depend increasingly on specialized module suppliers and mechanical components, not just image sensors or software.
  • The reported Sunny allocation rebound suggests Apple’s optics supply chain may become more diversified; whether that endures depends on execution of the planned camera transition and supplier performance.

The trend: Premium smartphone camera roadmaps are moving toward specialized optical hardware and a broader set of component suppliers as vendors seek visible high-end differentiation.