Apple’s iPhone 12 release could be delayed by the coronavirus’ impact on the economy

$%name Apple’s iPhone 12 release could be delayed by the coronavirus’ impact on the economy by Authcom, Nova Scotia\s Internet and Computing Solutions Provider in Kentville, Annapolis Valley$

The coronavirus’ impact on world economies may force Apple to delay the iPhone 12 release.
Even though iPhone production may be on track, Apple executives are worried that demand for a new iPhone will be incredibly low come September.
Some Apple suppliers, as a result, are lowering their production targets for iPhone 12 components.
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The economic fallout from the coronavirus may compel Apple to delay the release of the iPhone 12, Reuters reports. Despite the fact that Apple’s supply chain is reportedly on track to recover before iPhone 12 mass production begins, there’s a concern among Apple executives that demand for the device will be remarkably low. And with good reason, the economy in the United States — and in many countries across the world — has effectively come to a standstill on account of the coronavirus. Millions of people have been stuck at home for weeks, unemployment is at an all-time high, and non-essential businesses will remain closed for the foreseeable future.

In turn, consumers today have far less disposable income than they did a month ago. What’s more, there’s no indication that the impact from the coronavirus will die down anytime soon. A recent report suggests that New York City, for example, may still be weeks away from reaching a peak in coronavirus cases. Consequently, there’s a strong possibility that the iPhone 12 may hit store shelves at time when most of the world is concerned with far more pressing matters.

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Apple’s iPhone 12 release could be delayed by the coronavirus’ impact on the economy originally appeared on BGR.com on Sat, 28 Mar 2020 at 14:58:34 EDT. Please see our terms for use of feeds.