Apple Says The New iPhone Will Likely Be Delayed A Few Weeks

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It may be delayed because of supply chain issues stemming from the coronavirus pandemic.

According to Business Insider, Apple said the launch “of its anticipated 5G iPhone will likely be delayed a few weeks as the company’s supply chain recovers from the coronavirus pandemic.”

The company “did not provide revenue guidance for its fiscal fourth quarter because of uncertainty stemming from COVID-19. But during its fiscal third-quarter earnings call, the company did provide some insight into what it’s expecting across its biggest product segments for the September quarter,” the report stated. “When discussing the iPhone, Apple said that although it started selling new iPhones in late September last year, it expects ‘supply to be available a few weeks later.’”

"This year the supply of the new product will be a few weeks later than that," Luca Maestri, Apple's senior vice president and chief financial officer, said on the company's earnings call.

This would not “be the first time that Apple launched an iPhone later than its typical September window. In 2018, for example, it began selling the iPhone XR in October, while the iPhone X launched in November 2017,” wrote Business Insider.

“Apple's next iPhone, expected to be called the iPhone 12, is rumored to be its first 5G iPhone. Other than 5G connectivity, reports suggest it will come with a fresh design in new screen sizes,” Business Insider added. “It may also come with a LiDAR sensor for enabling better augmented reality performance, much like the most recent iPad Pro.”

Read the report here.


Economics, Finance and Investing