Apple to Slash H2 iPhone Production, But On Track for Launch of New Handsets - Report [TheStreet.com]
Apple Inc. (AAPL)
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Source: TheStreet.com
Apple Inc.(AAPLGet ReportThe Wall Street Journal said Apple's new smartphones will vary in price, and come in three different sizes, when they're released later this year, likely in September. One of the four new iPhones, the Journal said, will also include 5G connectivity.However, the paper also said Apple is likely to cut the number of handsets it will produce over the second half of the year by as much as 20% as demand withers in the wake of coronavirus lockdowns in key markets around the world.Apple shares were marked 0.2% higher in pre-market trading following publication of the Journal report, compared to a 0.9% predicted gain for the Dow Jones Industrial Average, to indicate an opening bell price of $283.50 each.Apple is expected to ship around 197 million iPhones this year, according to Street estimates, and is reportedly planning to launch a 5G version of the handset later in the fall, leading to an acceleration in sales for 2021.Earlier this month, Apple announced that it wo
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