Goldman Sachs has estimated that if the new iPhone is released until November, it may cause a revenue loss of approximately $18 billion. Thus, it will make Apple iPhone sales decrease by 14% year-on-year.
Apple usually releases new iPhone flagship products every September. This year’s flagship product will be more important than ever. This new iPhone is the company’s first phone that supports 5G mobile networks. Say, Apple competitor Samsung has released a smartphone that supports 5G networks a year in advance.
Many Apple observers also expect the Cupertino-based company to make major design adjustments to the iPhone. So it will also be the first design innovation since the iPhone X came out in 2017.
Apple may be considering postponing the launch of the new iPhone. Employees at the company’s Silicon Valley headquarters have to work from home. This poses a series of challenges for Apple’s heavily-guarded product development process. The complex supply chain that the company depends on has slowed down. In addition, even if Apple can produce the iPhone on time, the global economic downturn means that many potential buyers will hold their wallets tight. Source: GizChina
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