Tianfeng International Guo Mingxi released a message saying that Apple is expected to release the iPhone SE2 in the first quarter of 2020. Its design and most hardware specifications are very similar to the iPhone 8.However, it uses the same A13 chip as the iPhone 11 series, equipped with 3GB LPDDR4X, while NAND Flash is available with 64GB and 128GB and removes the pressure sensing module (3D Touch).While the iPhone SE2 is said to come in different color variants, Guo Minghao expects the phone to be available in deep gray, white and red.As for the price, it starts at $399 and is expected to be the best upgrade option for the existing iPhone 6 and 6S series of approximately 1.7-200 million users.In this regard, the upstream supply chain prepares about 2–4 million units of capacity for the iPhone SE2 every month. Furthermore, Guo Minghao expects the iPhone SE2 to ship more than 30 million units in 2020.In the supply chain, Guo Minghao believes that suppliers with high unit price or high proportion of supply are the main beneficiaries, including TSMC (foundry), industrial Fulian (airframe), achievable (airframe), Jabil (airframe), LG Innotek (camera module) and Goer acoustics (acoustic components).Among them, iPhone SE2 adopts A13 chip produced by 7nm, TSMC is the exclusive supplier; LG Innotek is the exclusive supplier of iPhone SE2 rear camera module; Goer Acoustics is the main supplier of iPhone SE2 acoustic component, the proportion of supply is about 60-70 %.