Re: Additional "Closed Loop Controller" near-term revenue
Stifel met with Forsythe and the IR Director on the 23rd. Key take away is that Stifel now believes that the CLC is being used on every iPhone 12 model, not just the Pro Max as they originally understood. And that the quantity of CLCs varies by device, with the Pro Max using more than the others.
If true about the varying quantities, this makes it more likely that the CLC has multiple functionality and can perform differing tasks over and above "image stabilization". I realize this possibility has been discussed previously. This is another data point toward confirmation. And I like it! :-)