The Coronavirus Outbreak Is Pushing Back Apple's iPhone 9 Launch

Apple (NASDAQ: AAPL) is widely expected to have an affordable iPhone in the works. The new model was previously slated to launch in March, but the ongoing coronavirus outbreak is still disrupting supply chains across China as public health officials continue grappling with the crisis. Apple formally warned investors this week that it now expects to miss its revenue guidance for the first quarter due to the pandemic, citing iPhone supply constraints and reduced demand within the Middle Kingdom.

The affordable iPhone, casually known as either the iPhone 9 or iPhone SE 2, is going to have to wait.

Apple Store in Beijing. Image source: Apple.

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Source Fool.com