Apple’s much-anticipated 5G iPhone may delay release as new crown outbreak

Apple’s much-anticipated 5G iPhone could be delayed due to an outbreak of the new crown virus, Bloomberg reported, citing Bank of America analysts. Analysts believe Apple’s 5G iPhone could be delayed by a month this fall.

Apple's much-anticipated 5G iPhone may delay release as new crown outbreak

In addition to delaying the release of Apple’s iPhone 12, apple’s rumored release date of the iPhone 9 or iPhone SE 2 could be delayed for “several months” because of supply chain problems and weak demand for devices caused by the new virus outbreak, analysts said. The release of the new equipment will “depend on how production increases in April and May”.

In addition, Apple’s share price has been volatile for the past few weeks because of concerns about COVID-19. Shares have fallen 13 per cent since hitting an all-time high of $327.85 on February 12.

Just a few weeks ago, Apple announced that it would not be able to meet its Revenue Target for the March quarter because of the outbreak. Apple said it would continue to monitor the situation and would provide more information on its Quarterly earnings conference call in April. The impact of the COVID-19 is changing every day, so it remains to be seen how the virus will affect Apple’s 2020 plan.