The exact release dates for the iPhone 9 will “depend on the pace of production recovery in April and May.”
Representatives of Bank of America (BofA) released a statement last night stating that the long-awaited fifth-generation iPhone 12 with network support will be delayed due to an outbreak of coronavirus.
The conclusion of Bank of America was made after a conversation with Apple supply chain expert Elliot Lahn, who believes that the release of the iPhone 12, scheduled for September this year, will be delayed by one month.
In addition, due to the current situation, the release of the iPhone SE2 will be delayed for “several months”. One of the reasons is the problem with a stable supply of components and the fact that many plants have not yet resumed their work. The second reason is the weak market demand caused by an outbreak of coronavirus.
Bank of America analyst Wamsi Mohan said in a report that the exact release dates for the iPhone 9 will “depend on the pace of recovery in April and May.”
Yesterday at the auction, Apple shares fell 3.8%. Compared to the February high, Apple’s stock price fell by more than 10%. Deutsche Bank lowered the target price of Apple shares from $ 305 to $ 295, citing “a fairly significant uncertainty associated with this outbreak.”
Earlier this week, Foxconn, the iPhone maker, said its factories would begin normal operations by the end of March.
Bank of America: 5G iPhone delayed by one month
On the evening of March 6, Beijing time, according to foreign media reports, Bank of America (BofA) released an investment research report today, saying that Apple ’s highly anticipated 5G iPhone may be delayed due to the coronavirus epidemic.
The Bank of America’s conclusion was reached after speaking with Apple supply chain expert Elliot Lan. Elliott Lan believes that the iPhone 5G originally scheduled for release this fall will be postponed for one month. As usual, Apple releases a new iPhone every September.
It is also because of the epidemic that Elliott Lan also expected that the release of the iPhone SE2 will be delayed by “a few months”. One is the supply chain problem, and the other is the weak market demand caused by the epidemic.
Bank of America analyst Wamsi Mohan said in the report that the exact timing of the release will “depend on the recovery in production in April and May.”
In pre-market trading today, Apple’s stock price once fell 3.8%. Compared with the February high, Apple is estimated to have fallen more than 10%. The main reason is still affected by the epidemic, analysts worry that this may have an impact on Apple’s supply chain and sales.