The output current of a PIN diode is proportional to the light
incident . Whereas in APD due to internal multiplication (Avalanche
multiplication) of primary photocurrent, higher gains are
possible.
A small signal current output from the pin diode are to be
amplified before applying to next associated receiver circuit. This
includes thermal noise in the main signal, giving lower, receiver
sensitivity. In case of APD, photocurrent is multiplied before
encountering the thermal noise amplifier, giving increased receiver
sensitivity.