Apple Likely to Delay 5G iPhone Launch Until December, Says Analyst [TheStreet.com]
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Source: TheStreet.com
Apple(AAPLGet ReportThe release of the much-anticipated new phone will probably be delayed until December, wrote Wedbush analyst Dan Ives in a note on Monday, noting lingering supply chain issues and disruptions to Apple's normal planning and design processes. Ives placed a low probability of 10% to 15% that the 5G phone will launch in the fall as originally planned.Apple shares were up 5.88% on Monday to $255.60 amid abroader market rally tied to signsIves' note squares with a prior reportfrom Nikkei Asian ReviewThe stakes are high with Apple's 5G iPhone, which is broadly viewed as one of Apple's most important product launches in years."Apple has one shot at its first 5G launch and tepid success out of the gates due to a lukewarm consumer appetite would be a disaster scenario that further plays into the mindset of Cook & Co. as they ponder the potential timing of this flagship product rollout," Ives wrote.The iPhone giant is also expected to release a new entry-level phone well befo
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