Apple Inc. (AAPL) Holds Substantial Lead In 3D Sensing Technology

NASDAQ: AAPL | Apple Inc. News, Ratings, and Charts

AAPL – A trio of major parts producers told Reuters that Apple has a two-year lead over most Android phones.

Apple Inc. (NASDAQ:AAPL) has a substantial lead over rivals when it comes to 3D sensing features, and the gap won’t be closing in the immediate future. That’s the word from some major parts producers that shared their thoughts with Reuters. 

Reuters passes along a clear sign that Apple is ahead in the 3D race.

Most Android phones will have to wait until 2019 to duplicate the 3D sensing feature behind Apple’s Face ID security, three major parts producers have told Reuters, handicapping Samsung and others on a technology that is set to be worth billions in revenue over the next few years.

The development of new features for the estimated 1.5 billion smart phones shipped annually has been at the heart of the battle for global market share over the past decade, with Apple, bolstered by its huge R&D budget, often leading.

3D sensing technology is expected to be a huge part of the next generation of smartphones. Research house Gartner estimates that 40 percent of phones will be equipped with the tech by 2021, and future advancements may just depend on that happening.

“This kind of functionality is going to be very important for AR,” noted analyst Jon Erensen. “I think that is something where you don’t want to get left behind.”

Apple Inc. shares were trading at $176.19 per share on Tuesday morning, up $0.89 (+0.51%). Year-to-date, AAPL has gained 4.54%, versus a 1.69% rise in the benchmark S&P 500 index during the same period.

AAPL currently has a POWR Rating of A (Strong Buy), and is ranked #1 of 29 stocks in the Technology – Hardware category.

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