Apple could launch budget iPhone SE successor in mid-April, says analyst [MarketWatch]
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Source: MarketWatch
Apple Inc. could launch its low-cost successor to the iPhone SE in the middle of April, Wedbush analyst Daniel Ives wrote Monday, based on his read of supply-chain indications and "various retail websites." The company was expected to debut the phone, which could be called the iPhone 9 or the iPhone SE2, in March, but the launch appears to have been pushed back due to the COVID-19 outbreak. "While launching a mid-cycle budget/entry-level smartphone into the backdrop of a consumer global lockdown and unprecedented pandemic will be head scratcher to some, we note that Apple is viewing this as a low-volume, low-touch release with little fanfare as the phones are already ready to ship," Ives wrote. Apple shares are up 5% in Monday trading. They've lost 14% so far this year as the Dow Jones Industrial Average has declined 23%.
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