- The iPhone 12 release should help Apple weather the economic downturn caused by the coronavirus, according to one analyst.
- Though Tim Cook recently said that Apple’s supply chain in Asia is back up and running, the coronavirus might see Apple push back the iPhone 12 release to October.
- Visit BGR’s homepage for more stories.
Amidst the coronavirus pandemic, Apple a few weeks ago posted surprisingly strong earnings for the March quarter. When the dust settled, Apple posted $58.3 billion in revenue and earnings of $2.55 per share. Investors were encouraged by the results and shares of Apple have been rising steadily ever since.
Looking ahead, Apple’s financial future in the near-term remains a bit uncertain. This was underscored by Apple’s reluctance to provide investors with guidance for the current June quarter. To be fair, Apple’s decision makes sense as there are simply too many unknown variables for the company to account for. For instance, there’s no telling if a new wave of coronavirus cases will sweep the country, prompting Apple to keep its stores closed for even longer. And even if all of Apple’s retail stores open up sooner rather than later, the economic impact of the coronavirus may see a huge drop-off in demand for Apple products.
Today’s Top Deals
- 10 Prime-exclusive deals available right now at Amazon
- Amazon’s best-selling coronavirus face masks and hand sanitizers are back in stock
- The 78¢ coronavirus face masks everyone swarms Amazon for are in stock
Trending Right Now:
- The next stimulus check might be $5,000, but there’s a huge catch
- Walmart’s running a big sale you didn’t even know about – here are the 10 best deals
- You might never stop staring at this foldable iPhone Flip video
iPhone 12 launch will help Apple weather the coronavirus storm originally appeared on BGR.com on Tue, 12 May 2020 at 15:55:47 EDT. Please see our terms for use of feeds.
Read more here:: Boy Genius Report