Apple confirms the iPhone 12 will ship later than usual

Apple reports strong Mac and iPad sales in record-breaking Q3 earnings

"Last year we started selling new iPhones in late September", Maestri said. Originally, analysts thought the delay would be a few months, so this is much better news.

The announcement means that the new product line will miss the tech firm's customary September launch window.

Investment bank Wedbush is raising its AAPL price target to $475 on Apple's "Picasso-like" June quarter earnings results and the expectation of an "iPhone 12 super cycle". Each Apple shareholder of record at the close of business on August 24, 2020 will receive three additional shares for every share held on the record date, and trading will begin on a split-adjusted basis on August 31, 2020. The next iPhone of the series 12 will not arrive in stores in late September as usualIt will take a few more weeks.

Apple very rarely delays anything, and as Techradar points out, the only times it's happened so far have been due to supply chain issues (or so they said - we can't imagine Apple owning up to anything ever). Qualcomm likewise indicated an iPhone defer not long ago, featuring an "partial impact from the delay of a global 5G flagship phone launch" for its final quarter projections. Then again, 2020 is a odd year, with COVID-19 impacting nearly everything about regular life that we took for granted.

Fiscal third-quarter revenue came in at $59.7 billion, a record for the June period, Apple said in a statement. The decision was made public by the Apple CFO, Luca Maestri in the company's quarterly earnings release.

When asked later whether his delay comments referred to iPhone, iPhone chips.

We're expecting the MacBook Air to be one of the first Macs to make the transition from Intel processors to Apple Silicon later this year, and regulatory certifications for a new battery that looks to be for the MacBook Air have recently appeared online.

This is possible given that in 2017 the company announced the iPhone X in September but did not ship it until November. Because of Face ID parts and LCD supply constraints, respectively. In other words, the new phones won't be available in shops until October.

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