According to the report of Bank of America analysts quoted by Bloomberg, the release of Apple's highly anticipated 5G-powered iPhone may be delayed due to the Corona virus outbreak. According to the analysts, there may be a delay of up to 1 month in launching the device this fall.
In the report released by Bank of America , it was written that the promotion of Apple's highly anticipated 5G iPhone may be delayed by 1 month as a result of the epidemic. The company met with supply chain expert Elliot Lan regarding the company's situation.
In addition to iPhone 12, there may be a delay in iPhone 9:
In addition to the 1-month delay on iPhone 12, Elliot Lan said he expects the launch of the new model, expected as the iPhone SE 2 or iPhone 9, will be delayed due to both supply issues and a weak demand environment from COVID-19.
According to Bank of America analyst Wamsi Mohan, the timing of launch for Apple's upcoming models will depend on how production has increased in April and May , rather than the Corona virus, which today has influenced the world . Earlier this week, iPhone maker Hon Hai Precision Industry Co. said it expects Chinese plants to operate normally by the end of March.
Apple shares are falling back:
Apple shares fell to 4% on Friday, showing 11.09 in New York. Thus, according to the data of S&P 500, Apple share prices have decreased by 13% since its closing on February 12, in line with the decrease in this period .
Apple's second quarter results are expected to be announced by the end of next month. According to data compiled by Bloomberg, the consensus on earnings fell 9.6% last month, while the revenue outlook fell 5.5% in the same period. On Friday, UBS wrote that Apple had an increased risk of low demand in the near term, and the impact is likely to expand beyond China .
With analysts' comments and reports on the subject , we will see together how the Corona virus will affect the future and how technology companies, especially Apple , will act.