Due to the rapid spread of COVID-19, Apple may delay the launch of the new iPhone 12.
Although the suppliers and factories in China have started to recover, the limited global travel may slow down the engineering and production of the latest model. According to the experts of Goldman Sachs, the iPhone 12 shipments could drop 36% due to COVID-19 and its consequences.
Goldman Sachs also offered its customers to sell AAPL shares, predicting a drop in iPhone demand due to the unstable economic situation. Experts believe that even loyal customers may purchase cheaper iPhone models instead.