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Apple is delaying the iPhone launch of the new 2020 models.
The Wall Street Journal reports that the new iPhones will be delayed by approximately one month. The delays for the iPhone launch are due to the coronavirus outbreak.
The highly anticipated 5G iPhones are still expected to be released in 2020.
Surging wireless usage is sparking a huge 5G Gold Rush – click here for urgent details.
Apple typically previews its new iPhones at a big iPhone launch event in September. And the newer phones are then available in late September.
These delays mean the new iPhones will hit the market in October.
Apple is planning three sizes for its new phones: 4.5 inches, 6.1 inches and 6.7 inches.
Several of the new phones will be setup for fifth-generation wireless – known simply as 5G.
Wall Street analysts have high hopes for the new iPhones. Some think that new 5G technology could spark a wave of iPhone upgrades. And estimates called for over 200 million iPhones to be sold this year.
However, the outbreak is causing production delays in China. And economic uncertainty may disrupt consumer demand for new smartphones.
Apple is therefore cutting back on iPhone production. Sources tell the Wall Street Journal that production could drop 20% in the second half of 2020.
Foxconn Technology assembles Apple’s iPhones in China. The company has stopped hiring at its main iPhone production facility.
As long as Apple has the iPhone available in the fourth quarter and can hold the iPhone launch, the company can have a decent year.
The final three months of the year is crucial for Apple. That’s because iPhones are typically a popular holiday gift.
Apple recently introduced the $400 iPhone SE. That new smartphone aims to broaden Apple’s appeal to consumers who are unwilling or unable to pay $1,000 for a phone.
Plus, many retailers are selling the iPhone SE with a $200 discount. And that brings the price down to as little as $184.
Apple’s rollout of the iPhone is important for 5g. In many ways, the new iPhone launch signals that 5G is going mainstream.
America’s big wireless companies are building out 5G networks nationwide. And the goal is to have the country covered with faster wireless by the end of 2020.
This $100 billion buildout is now underway. And it’s delivering huge profits to early investors.
Go here for urgent details – before 5G takes off.
Yours in Health & Wealth,
Ian Wyatt