Coronavirus Fallout: Apple Reportedly Delays the Next iPhone Release
The COVID-19 crisis will hold up the next set of flagship models in the Apple (NASDAQ: AAPL) iPhone family, according to a report by The Wall Street Journal. The one-month delay will have ripple effects on Apple's component suppliers and retail distributors, and most of them are already wrestling with coronavirus fallout of their own.
WSJ's unnamed insider sources said that Apple has put together four new iPhone designs for the 2020 holiday season, but the coronavirus pandemic has slowed down the release in several ways. The virus disrupted Apple's supply chain and manufacturing operations, and consumer demand will probably come in below the company's original expectations due to economic damage from the virus containment efforts around the world. Tapping the brakes on the production schedule makes sense under these circumstances.
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Source Fool.com
