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Stock impact report

Apple to push back production of new iPhone models by about a month: WSJ [MarketWatch]

Apple Inc. (AAPL) 
Last apple inc. earnings: 4/30 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.apple.com
Company Research Source: MarketWatch
Apple Inc. is planning to push back production of its new iPhone models due for release later this year by about a month, the Wall Street Journal reported Monday, citing people familiar with the matter. The delay is due to weakened global demand during the coronavirus pandemic and disruption in the Asian supply chain, the paper reported. Apple is planing four new iPhone models this year, some with 5G connectivity. The phones will vary in price and size and will feature organic light-emitting diode, or OLED, screens. The company typically releases its new model iPhones in mid-September. Apple declined to comment on the report. Shares were slightly higher premarket, but are down 3.7% in the year to date, while the Dow Jones Industrial Average has fallen 17%. Show less Read more
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