IPhone 12 may cancel the bundled wired earphones to boost demand for AirPods 2

On the afternoon of May 20, the latest report from Tianfeng International Guo Mingchi stated that the iPhone 12 may cancel the bundled wired earphones, driving demand for the lower-priced AirPods 2. In addition, the destocking of AirPods 2 will end in 2Q20, and Apple may have AirPods promotion plans in the second half. Therefore, we will increase AirPods shipments in 2020 to 93.8 million units, and it is expected that AirPods shipments will usher in strong growth in 2H20.