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Apple Delays The Launch of Upcoming iPhone

As per report, the new iPhone will support 5G networks, and it has raised the pressure at the iPhone maker for the device to be a hit

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Apple
The company typically launches new iPhones around September or October every year but is considering delaying the launch. Pixabay

The shares of Apple dropped late Wednesday as a report by The Nikkei Asian Review suggested a significant delay in the launch of the next iPhone.

The Cupertino-based tech giant is considering a delay to its iPhone launch by “months” because of issues related to consumer demand during the COVID-19 coronavirus crisis.

Apple closed at $245.52, down .55 per cent after it was positive for most of the day during a stock market rally. It hit a high of $257.89 during intraday trading, reports CNBC.

The company typically launches new iPhones around September or October every year but is considering delaying the launch.

As per report, the new iPhone will support 5G networks, and it has raised the pressure at the iPhone maker for the device to be a hit.

Apple
The shares of Apple dropped late Wednesday as a report by The Nikkei Asian Review suggested a significant delay in the launch of the next iPhone.. Pixabay

Additionally developing a concrete “iPhone 12” prototype was originally slated for early March but was delayed due to travel restrictions between the US and China.

J.P. Morgan analyst Gokul Hariharan also said that engineering and production verification tests are likely to happen later than usual this year.

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Apple said in February that its revenue for the current quarter would be below its forecasts and that the worldwide iPhone supply “will be temporarily constrained” because of the consequences of the COVID-19 epidemic. (IANS)

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Apple Plans To Buy LCD Assets Worth $200 Million From Japan Display

The sale to both Apple and Sharp was reportedly delayed in the wake of new coronavirus pandemic

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Apple
According to a Nikkei Asian Review report, Japan Display (JDI) has been in negotiations with "Apple and Sharp to sell its Hakusan liquid crystal display plant" owing to "poor sales of iPhone panels". Pixabay

Apple is reportedly buying $200 million worth of assets like LCD equipment from troubled panel maker Japan Display, the media reported on Wednesday.

According to a Nikkei Asian Review report, Japan Display (JDI) has been in negotiations with “Apple and Sharp to sell its Hakusan liquid crystal display plant” owing to “poor sales of iPhone panels”.

The sale to both Apple and Sharp was reportedly delayed in the wake of new coronavirus pandemic.

“JDI decided to sell LCD production equipment to Apple first and real estate to Sharp later,” the report mentioned.

By offloading Hakusan, JDI would concentrate smartphone LCD panel production at the Mobara plant in Chiba Prefecture.

Apple
Apple is reportedly buying $200 million worth of assets like LCD equipment from troubled panel maker Japan Display, the media reported on Wednesday. Pixabay

JDI started its operation on April 1, 2012. As of March 2014, JDI was one of the major suppliers of displays for Apple’s iPhone.
It was also a major display supplier of Nintendo Switch along with Sharp Corporation until 2017.

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A newly-created entity INCJ, Ltd. had become the major shareholder of Japan Display with 25,29 per cent of total shareholdings since September 21, 2018 as a result of a corporate split of the old the Innovation Network Corporation of Japan (INCJ). (IANS)