IPhone 12 Likely To Launch In The Fall Despite Supply Chain Constraints: Bloomberg | The Motley Fool When Iphone 12 Is Launching
Click here for an update from The Motley Fool Co-Founders Tom and David Gardner.
This report says things remain on track.
According to a )
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, for the March-ended quarter.
Image source: Getty Images.
The situation is reportedly improving in China and Apple is reopening several offices and manufacturing units. Apple has reopened as the country slowly limps back to normalcy.
However, the epicenter of the COVID-19 pandemic has now , and other countries are impacted, and though Foxconn expects to begin normal production by the end of this month, Apple sources key parts from several other partners in Southeast Asia. Apple has over 200 suppliers that account for "98% of procurement expenditures for materials, manufacturing, and assembly of [its] products."
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