Rosenblatt spews specs for six 'iPhone 12' models while reiterating Sell rating on AAPL sh… Rosenblatt spews specs for six 'iPhone 12' models while reiterating Sell rating on AAPL sh… There could be six different models of “iPhone 12” on the horizon, Rosenblatt Securities believes, with Apple tipped to offer ‘Plus’ and ‘Max’ size variants of its ‘Pro’ models — while at the same time predicting that the ‘iPhone SE 2’ may not popular in China.

In a lengthy note to investors seen by AppleInsider, Rosenblatt has outlined its expectations for the iPhone models it expects to see in 2020. Much like other predictions, Rosenblatt believes there will be an “iPhone SE 2” release early in the year, followed by a batch of iPhone 12 models in the fall.

The “iPhone SE 2,” anticipated for a March release, will consist of a 4G smartphone with a 5.1-inch LCD and a single rear camera. While Rosenblatt reckons it will be equipped with the current A13 processor, Apple may also equip it with Touch ID rather than opting for Face ID, in a move which is thought to “most likely help clean some old component inventory.”

Despite the potential popularity for the device, Rosenblatt doubts it will be “as attractive as the iPhone 11” to customers due to the iPhone 11’s low price, additional promotions for the iPhone in China, and an expectation that China’s 4G market “will drop dramatically” early in the year.

For the “iPhone 12” range, Rosenblatt expects there to be a far wider array of models to choose from than Apple has ever offered before, in part due to the introduction of 5G.

The models consist of:

  • iPhone 12 4G with a 6.1-inch LCD screen and dual rear cameras
  • iPhone 12 Pro 4G with a 5.4-inch OLED screen and dual rear cameras
  • iPhone 12 Pro 5G with a 5.4-inch OLED display and dual rear cameras
  • iPhone 12 Pro Plus 4G with a 6.1-inch OLED display and a triple rear camera with Time-of-Flight 3D sensing capabilities
  • iPhone 12 Pro Plus 5G using a 6.1-inch OLED screen, triple camera setup, and ToF features
  • iPhone 12 Pro Max 5G with a 6.1-inch OLED panel, the triple camera setup, and ToF.

To further complicate matters, Rosenblatt also suggests the “iPhone 12” Pro 5G could be offered in variants supporting sub-6GHz only or adding mmWave compatibility.

Rosenblatt notes Apple is working on “multiple projects simultaneously” for iPhone, and it has no “clear idea as to which model and version will launch.” While the bulk of the models outlined in the note point to a September launch, it is suggested the “iPhone 12” Pro 5G could launch in the spring of 2021, to “target the middle-end 5G market.”

The shift towards 5G is also prompting some changes in fundamental device design, with Apple said to be going for different components in those models over 4G.

For the frame, the 4G models and the sub-6GHz variants could use an alloy frame. Those with mmWave support will use a steel frame with holes, “in order to improve mmWave signals” which are more sensitive to interference from the local environment and distances.

The number of radios Apple will acquire for the 5G models will be approximately 30% higher than those for 4G, with 4G RF suppliers’ market shares to remain the same as for the iPhone 11 generation. For the sub-6GHz models, Broadcom and Murata are tipped to see more orders from Apple, while mmWave versions will use Qualcomm components as well as some filters from Avago. LCP antenna producers will also see gains in orders over the year for the model.

Wireless charging functions in the models will need to be improved for the generation, Rosenblatt reckons, “due to 5G consuming battery life faster than 4G.” Memory specifications are likely to remain the same as the current generation for the basic models, though for models selling for more than $1,200, the DRAM levels may be upgraded.

As for 5G sales estimates, Rosenblatt admits to being conservative, with estimate builds of 30 million and sell-throughs of less than 20 million. The firm believes Android 5G devices will take market share from Apple in China in 2020, while the slow deployment of 5G in other markets will make it harder to achieve sales elsewhere.

The cost of 5G devices will also be an obstacle, with the general price thought to be $200 more than their 4G equivalents. The lack of a “mid-priced 5G smartphone launching in 2020” means Rosenblatt doesn’t expect “a big 5G cycle for Apple in C2020.”

As usual, Rosenblatt pessimistically rates Apple as “Sell” with a very low price target of $150, which it believes is “warranted for a company that could face potential problems in the smartphone market.” At the time of publication, Apple’s share price sits at just above $270.

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