Wamsi Mohan from Bank of America has tweaked his target price for Apple stock, and is slightly reducing what he expects from the company for 2020, mostly because of supply and demand impacts from the coronavirus pandemic.
The flood of new feature claims within iOS 14 continues, with the mobile operating system leaks allegedly confirming rumors about upcoming hardware including the iPad Pro refresh and the "iPhone SE 2," as well as a number of changes to HomeKit.
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.
Apple has deferred shipments of printed circuit boards from a supplier into the second quarter, a report claims, a delay caused by the coronavirus outbreak that could cause further problems for the launch of the long-rumored 'iPhone SE 2.'
A report on Tuesday takes a theoretical look at Apple's iPhone launch plans, noting the company's most important product of 2020 might be delayed due to travel restrictions designed to combat the ongoing coronavirus outbreak.
Apple's coronavirus-related supply chain issues will be a problem for the company long into April, a report claims, as despite efforts from assembly partners, supplies of the iPhone may be constrained for some time to come.
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.
Industry reports suggest the low-cost "iPhone SE 2" and a refresh of the iPad Pro line will still launch in March, with the iPad Pro refresh arriving shortly thereafter —although the impact of the coronavirus raises questions about Apple's over-reliance on Chinese manufacturing.
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.
Apple is said to be ramping up production of a new low-cost iPhone model with a view to a launch in March, with the potential "iPhone SE 2" or "iPhone 9" anticipated to be sold at the same price as the original iPhone SE.