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Apple’s 5G iPhone Launch May See Coronavirus Delay, BofA Says

  • BofA warns that 5G iPhone launch could see a month delay
  • Shares fall as much as 4% Friday before paring decline
Updated on

Apple Inc. extended its recent sell-off as analysts continue to see uncertainty over how the coronavirus outbreak will affect the iPhone maker’s sales and supply chain.

Bank of America wrote that Apple’s highly anticipated 5G iPhone could see its fall release delayed by a month as a result of the outbreak. The firm cited a conversation with an expert on the company’s supply chain, Elliot Lan. Lan also expects the launch of the iPhone SE2 will be delayed “by a few months” due to “both supply issues as well as the weaker demand environment from COVID-19.”