Apple’s forthcoming 5G iPhone could be deferred because of coronavirus flare-up
Apple’s long-awaited 5G iPhone could be postponed because of the coronavirus flare-up, as per a report from Bank of America investigators cited by Bloomberg. The investigators trust Apple’s 5G iPhone release could be postponed by a month this fall.
Notwithstanding postponements of Apple’s “iPhone 12,” analysts likewise trust Apple’s rumored “iPhone 9” or “iPhone SE 2” release date could likewise be pushed back “a few months,” referring to both supply chain issues and weaker demand for gadgets because of the coronavirus outbreak. The release of new gadgets will “depend on how production ramps back up in April and May.”
Apple’s stock has changed over the past few weeks amid fears of COVID-19. Since its record high of $327.85 on February 12, shares have fallen by as much as 13 percent.
Only half a month prior, Apple declared it won’t meet its income goals for the March quarter because of the effect of the COVID-19 coronavirus epidemic in China. Apple has said it is proceeding to monitor the situation and will give extra data on its quarterly earnings call in April.
The impacts of COVID-19 have been changing every day, so it is not yet clear the amount a greater amount of an effect the virus will have on Apple’s 2020 plans.