Bullish analyst lays out best- and worst-case scenarios for Apple in 2020

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2020 iPhone concept
Apple's 2020 could go one of a few different ways.
Photo: PhoneArena

The next three months are going to be crucial in determining Apple’s year ahead, Wedbush analyst Dan Ives writes in his latest note to clients, as seen by Cult of Mac.

In a message sent Sunday, Ives lays out his thoughts on best- and worst-case scenarios for Apple over the next few months amid fallout from the coronavirus pandemic. The results likely will have a major impact on Apple going forward.

Apple considers delaying 5G iPhone launch

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iPhone 12 with LiDAR scanner
This is what the 2020 iPhone will probably look like.
Photo: svetapple.sk

iPhone fans dying for a 5G upgrade might be kept waiting a little bit longer thanks to the coronavirus pandemic.

Apple is reportedly having internal discussions debating whether to delay the launch of the 5G iPhone by months. The iPhone 12 was expected to be released this fall, but Asian news site Nikkei says supply chain problems might force the company to push the date back. And there’s something else worrying Apple execs, too.

Coronavirus pandemic continues to ‘hammer’ Apple’s supply chain

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Hammer hammering
This is kind of like a metaphor.
Photo: Unsplash/Moritz Mentges

Apple’s supply chain is still weathering the effects of the COVID-19 coronavirus pandemic, a report published late Thursday by Bloomberg makes clear.

Even though China has seemingly overcome the worst of the coronavirus spread, Apple products are continuing the suffer the impacts. That is likely to manifest itself in the form of delays for new products and fresh batches of existing ones.

With iPhone SE 2 delayed indefinitely, source confirms Apple nixes rumored March event

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iPhone 11 Pro
With new products not ready to sell and coronavirus concerns on the rise, a source says Apple postponed a planned product event.
Photo: Apple

Apple decided to postpone a March product launch event after continuing delays in the production of an expected successor to the iPhone SE, a source at Apple confirmed to Cult of Mac.

A number of other problems played into the decision to delay the event that was being planned, including the worsening impact of the COVID-19 strain of the coronavirus in California and elsewhere.

COVID-19 coronavirus could delay launch of 5G iPhones

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Latest iPhone was 1 out of every 10 smartphones sold in US last quarter
Apple usually unveils its new iPhones in September.
Photo: Ed Hardy/Cult of Mac

The spread of the COVID-19 coronavirus could hurt Apple’s plans to launch its first 5G iPhones in the second half of 2020, a new report claims.

According to a DigiTimes report Monday, Apple extended restrictions on employees traveling to parts of Asia until the end of April. The extension will delay tests for the next-generation iPhone that “could have a direct impact” on launch timing.

Apple’s biggest contract manufacturer had a rough February thanks to COVID-19

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iPhone sales drive Apple’s biggest supplier to big profits
Foxconn had its worst February in a long time.
Photo: CBS

Apple’s biggest contract manufacturer, Foxconn, endured a rough February as the COVID-19 coronavirus outbreak worsened in China.

The company, which is also the world’s biggest electronics manufacturer, suffered its biggest monthly drop in revenue in around seven years. Its earnings, announced Thursday, show an 18.1% decline in revenue versus the same period last year. This marks the company’s third straight month of decline.

Apple’s biggest manufacturer says production will return to normal by end of March

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Coronavirus-related shutdowns continue to disrupt Chinese factories.
Coronavirus has severely impacted Foxconn production.
Photo: Steve Jurvetson/Flickr CC

Apple manufacturer Foxconn hopes to resume regular production in China by the end of March.

Foxconn’s operations, which include iPhone production lines, have been severely impacted by the outbreak of the COVID-19 virus. The world’s largest electronics contract manufacturer previously said it expects its full-year revenues to take a hit.

2 Apple suppliers allegedly used Uighur Muslim forced labor in China

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China’s population of 1.4 billion makes it a huge potential market for Apple.
Both companies have factories in China.
Photo: Ed Hardy/Cult of Mac

Two suppliers that make components for Apple in China employ forced labor, according to a report published Sunday. The Washington Post says BOE Technology Group, which supplies screens to Apple, and O-Film, which makes iPhone cameras, both use Uighur labor, either directly or through contractors. Apple lists both companies on its latest supplier list.

The report describes how the Chinese government detained more than 1 million ethnic Uighurs from China’s western Xinjiang region in reeducation camps. And it says evidence indicates that authorities “are moving Uighurs into government-directed labour around the country as part of the central government’s Xinjiang Aid initiative.”

Tim Cook takes wait-and-see attitude toward constantly changing coronavirus; ‘reason for optimism, but we’ll see’

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Apple CEO Tim Cook is optimistic about Apple’s future
CEO Tim Cook says “Apple is fundamentally strong.”
Photo: Fox Business

CEO Tim Cook promises Apple is fundamentally strong and will weather the problems resulting from the coronavirus spreading around the world. He says his focus isn’t on short-term changes in Apple’s share price, despite a recent significant drop.

In a wide-ranging interview with Fox Business recorded Thursday in Birmingham, Alabama, Cook also discussed whether his company will move more device production out of China, and his relationship with President Donald Trump.