iPhone 12 Likely to Launch in the Fall Despite Supply Chain Constraints: Bloomberg
According to a Bloomberg report, Apple (NASDAQ: AAPL) is on track to launch its 5G-enabled iPhone 12 lineup in the fall. The production of new iPhones generally starts during May, the publication reported, and analysts are hoping supply chain issues will be remedied by then.
Last month, Apple had lowered its revenue forecast for the March-ended quarter, citing supply chain constraints and lower demand for its products. As consumer spending grinds to a halt, Apple might miss revenue guidance for the next quarter as well.
Earlier this month, Apple's major supplier, Foxconn, reported its worst revenue decline in seven years for the month of February. Another Apple supplier, Qorvo, also revised its revenue estimates lower for the March-ended quarter.
Source Fool.com
