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Apple CFO Luca Maestri Announces Delayed Launch Of New 5G Enabled iPhone 12

By John F. Heerdink, Jr.

As per reports, Apple’s (AAPL) next iPhone launch will be delayed by a “few weeks”, announced Apple CFO Luca Maestri during the company’s Q3 2020 earnings call. Apple’s latest launch of iPhone, presumably called the iPhone 12 is expected to be the company’s first 5G-capable product offering faster download and upload speeds, encouraging a number of iPhone users to upgrade their iPhones to the latest version.

The iPhones typically launch in the second half of September contributing a small amount to the quarter’s overall iPhone revenue, however, the delay this time is expected to have an impact on the company’s Q4 2020 earnings. The company did not provide forward-looking guidance for the firm’s Q4 revenue due to the economic uncertainty created by the coronavirus pandemic.

Apple reported an iPhone revenue of $26.4 billion along with a massive third-quarter revenue of $59.7 billion, beating expectations of $52.3 billion.

Dow 30 component Apple (AAPL) has revolutionized personal technology with the introduction of the Macintosh in 1984. Today Apple leads the world in innovation with iPhone, iPad, Mac, Apple Watch, and Apple TV. Apple’s four software platforms — iOS, macOS, watchOS, and tvOS — provide seamless experiences across all Apple devices and empower people with breakthrough services including the App Store, Apple Music, Apple Pay, and iCloud. Apple’s more than 100,000 employees are dedicated to making the best products on earth, and to “leaving the world better than they found it. To learn more about Apple (AAPL) and track its ongoing progress at Vista Partners Apple (AAPL), Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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(Read Original Story: Apple confirms next iPhone will be delayed 'a few weeks in Yahoo Finance)


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