Apple’s upcoming 5G “iPhone 12,” which would normally hit shelves this September, could be delayed by the COVID-19 coronavirus outbreak, says a report from Bank of America analysts revealed by Bloomberg. B of A analysts believe the new 5G iPhone could be delayed by as much as a month this fall.
In addition to delaying the 5G iPhone, analysts also believe Apple will face delays in releasing the much-rumored “iPhone 9” or “iPhone SW 2,” with its release date being pushed back by as much as “a few months.”
The report cites both supply chain issues and weaker demand for devices as a result of the coronavirus outbreak. The release of new devices will “depend on how production ramps back up in April and May.”
Apple (AAPL) stock has been on a rollercoaster ride over the past few weeks in the wake of the COVID-19 coronavirus outbreak. Since hitting a record high of $327.85 on February 12, shares have fallen by as much as 13%.
Apple recently announced an update to its financial guidance for the March quarter, revealing that the firm will not meet its previously announced revenue goals due to the impact of the Wuhan Coronavirus outbreak.