Timothy Arcuri from UBS is seeing some short-term struggles for Apple and the iPhone between production problems and temporary demand decreases, but sees restoration of iPhone production and sales in 2020.
As investors ride the "roller coaster" that is Apple's coronavirus-impacted stock price, Daniel Ives from Wedbush sees a firm core business, and outstanding long-term prospects for Apple and the 5G "iPhone 12."
While the coronavirus impact on Apple varies a great deal across the iPhone supply chain, Ming-Chi Kuo says that the company is proactively maneuvering to diversify camera lens suppliers for the "iPhone 12."
The LG Innotek factory that supplies iPhone camera modules has closed in Gumi, South Korea after the first case of coronavirus was discovered in the workforce, delivering yet another blow to the Apple supply chain.
While the coronavirus is still having a big impact on China iPhone production, and the smartphone market as a whole, Morgan Stanley sees the impacts as mostly timing problems for Apple, and are buyers, maintaining a $368 stock price target.
The "iPhone 12" could have extremely fast wireless networking with support for 802.11ay networking potentially allowing it to connect at gigabit speeds with home appliances and other hardware, and the long-rumored "AirTag" tracking device may use wireless charging.
While industry observers are clearly seeing a short-term financial and business impact from the coronavirus outbreak in China, the first analysts chiming in on the situation don't have long-term concerns surrounding Apple's financial prospects.
Reports have emerged in the last 24 hours with contradictory sources all claiming to have the inside track on the details surrounding the antenna technology expected in the 5G "iPhone 12" — with one claiming that Apple will do most of the work itself.
Apple analyst Ming-Chi Kuo sees significant uncertainty surrounding iPhone production in China because of the ongoing coronavirus, and has detailed what he is seeing so far at Apple assemblers Foxconn and Pegatron.
After leading the pack with an Apple stock price climb in early December, Cowen has done so again just over a month later, hiking the price target to $350 on the strength of Services and the upcoming iPhone lineup.
The spread of 5G into mainstream usage will help create a surge of smartphone sales but the hype behind 5G will only be a temporary lift for sales of devices like Apple's 2020 iPhone refresh, with the market expected to contract in 2022.
Rumblings out of Apple's East Asian supply chain this week offer fresh insight into this year's iPhone release cycle, with a report on Monday claiming the company's 2020 handsets will be similar in design to the iPhone 11 lineup albeit with a few sizing tweaks.