Finisar found it difficult to make a comeback since last year's competition with rivals in the lucrative Apple 3D sensing business. According to reports, the company failed to prepare 3D sensing technology in time, forcing iPhone manufacturers to find other manufacturers to meet their demand for related chips.
However, Finisar management hopes to turn around over time. Finisar failed to get Apple's 3D sensing business last year, but Cupertino has struggled to make a complete supply chain for iPhone X equipped with 3D sensing. As a result, Apple decided to provide Finisar with $390 million to help the latter increase the production of 3D sensor chips, ensuring that it does not encounter any production constraints.
Finisar investors now hope that the company will be able to enter Apple's next-generation smartphone-related business, CEO Michael Hurlston said he expects "the second quarter of the laser pointer array for 3D sensing applications. Demand will increase as customers expect new products to launch."
Finisar's second fiscal quarter lasted from August to October, which coincided with the growth of Apple's iPhone production. Since Apple is expected to produce about 80 million to 90 million new iPhones in the second half of this year, assuming that half of these iPhones are equipped with 3D sensing capabilities, Finisar splits this business with Lumentum, which means that Finisar's chips can reach 20 million. iPhone. This may push Finisar's revenue to $100 million in the second half of this year.