Apple expects no change to new iPhone sales this year despite the pandemic and high unemployment rate (AAPL)

Apple’s on the verge of announcing its 2020 iPhone, which is widely expected to be the first 5G capable iPhone model.
The company appears to be unworried about demand for the new iPhone as impacts of the coronavirus pandemic continue in the United States: Apple is making the same amount of iPhones as previous years, according to a new Bloomberg report.
Approximately 75 million new iPhones are being manufactured, according to the report, in four different models.
Visit Business Insider’s homepage for more stories.

Despite the ongoing pandemic keeping Americans home, and a spike in unemployment that has yet to bounce back, Apple reportedly expects to sell about the same number of new iPhones in 2020 that it usually does.
The company is said to be manufacturing about 75 million new iPhones in 2020, according to a new Bloomberg report — about the same amount the company made in previous years.
Apple is expected to launch four new models of the iPhone this year, all with 5G connectivity: the iPhone 12, iPhone 12 Max, iPhone 12 Pro, and iPhone 12 Pro Max.
Though Apple has yet to officially confirm this year’s event, the company has announced one detail: The 2020 iPhone models are unlikely to arrive in late September.
“This year the supply of the new product will be a few weeks later,” Apple’s senior vice president and chief financial officer Luca Maestri said on the company’s earnings call in late July.
Each September, Apple holds a major event to reveal the latest iPhone models. This year is no different, with the first 5G-enabled iPhones expected to be announced on September 10.
Got a tip? Contact Business Insider senior correspondent Ben Gilbert via email (bgilbert@businessinsider.com), or Twitter DM (@realbengilbert). We can keep sources anonymous. Use a non-work device to reach out. PR pitches by email only, please.Join the conversation about this story » NOW WATCH: A cleaning expert reveals her 3-step method for cleaning your entire home quickly
Read More

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: