Home » World News » Apple delays mass production of 2020 flagship iPhones
Apple delays mass production of 2020 flagship iPhones
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Apple Inc. is pushing back the production ramp-up of its flagship iPhones coming later this year by about a month, according to people familiar with the changes, as the coronavirus pandemic weakens global consumer demand and disrupts manufacturing across Asia, the heart of the consumer electronics supply chain.
Apple is forging ahead with plans to release four new iPhone models later this year, people familiar with its plans say. The phones, some with 5G connectivity, will vary in price and come in three sizes — 5.4 inches, two measuring 6.1 inches, and one at 6.7 inches, all featuring organic light-emitting diode, or OLED, screens, the people said.
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Apple's annual product refresh fuels the majority of iPhone sales for an entire year, making new phones the linchpin of a business segment that accounts for more than half of the company's total revenue.
Investor anticipation for this year's 5G release helped send Apple shares to record highs before the pandemic hit, as analysts predicted the devices would lift a mature product line that last year failed to ship more than 200 million units for the first time since 2015.