The iPhone 5G is delayed one month and the iPhone 9 several months for the coronavirus
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The Bank of America (BofA) has published an investment research report. The aforementioned report states that Apple's long-awaited iPhone 5G may delay its launch. The same will happen to the iPhone SE 2 or iPhone 9, another device that has also been expected by many. The delays are due to the coronavirus outbreak that resulted in the paralysis of the industry in China. This has resulted in a Great decrease in production capacity.
Delay of the new iPhone of 2020
Bank of America obtained this information after speaking with Apple's supply chain expert, Elliot Lan. He believes that the iPhone 5G, originally scheduled for launch this fall, will be postponed in about a month. As we all know, in general, Apple launches a new iPhone every year in September.
Regarding the iPhone 9 or iPhone SE 2, the delay would be even greater, becoming several months. In this case, the epidemic is not the only reason why Elliott Lan thinks that the launch of the iPhone SE2 will be delayed in this way. One is the supply chain problem, and the other is the weak market demand caused by the same epidemic. Remember that everything pointed to a presentation this March.
Bank of America analyst Wamsi Mohan said in the report that the specific launch time "depend on recovery in april and may".
Currently in the stock market, the price of Apple shares fell by 3.8%. Compared to the high price of February, it is estimated that Apple has fallen more than 10%. The main reason is still the current outbreak of coronavirus It is spreading to several countries. Analysts fear that this may have an impact on Apple's supply chain and sales.
With a large amount of cash, possible share repurchases and a 5G update cycle, Bank of America continues to maintain a “buy” rating on Apple shares and a target price of 350 dollars per share.
Nevertheless, Deutsche Bank reduced its target price of Apple shares from 305 dollars to 295 dollars. He also said that this is conditioned by a “quite considerable uncertainty”Related to the outbreak.
Earlier this week, Foxconn, the iPhone manufacturer, said it expects national factories to start function normally at the end of March. The giant of Cupertino has been affected its availability not only in phones. For example, the AirPods Pro were still quite successful and in demand, but the paralysis of the Chinese industry affect the supply of Apple headphones, as well as your sales.
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