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Major supplier expects the iPhone 12 to launch only in Q4

By Cookie Monster - on 6 Jun 2020, 10:09am

Major supplier expects the iPhone 12 to launch only in Q4

Screenshot taken from EverythingApplePro's YouTube video on "Exclusive iPhone 12 Pro Max Design Leaks! It's HUGE."

The iPhone 12 launch is expected to happen in Q4 according to a major Apple supplier. 

Hock Tan, the CEO of Broadcom, made a comment about a "major product cycle delay" during an earnings conference call with analysts. The major product is supposedly from a "large North American mobile phone" client. 

While Tan did not reveal that Apple is the client, he has regularly referred the iPhone maker in this manner. As a result of the delayed launch, Broadcom expects its wireless revenue to drop in Q3 before rising in Q4. 

Multiple reports about a delayed iPhone 12 launch have surfaced since March. The Bank of America reported in early March that it expects the launch to be delayed by a month due to the Covid-19 outbreak. At the end of March, Nikkei Asian Review says the launch could be delayed by months, and Reuters claimed the production ramp-up of the iPhone 12 is postponed.

Alex Yang, the investor relations chief at Foxconn, reportedly said that the iPhone 12 is still on track to launch in September if the Covid-19 situation does not worsen in the next few months. Analyst Jeff Pu wrote in April that the Engineering Verification Test (EVT) stage of the iPhone 12 development is extended by weeks and some models could only be available at a later date. Bloomberg shared a similar prediction of several models being released a few weeks later than the rest.

Goldman Sachs believes the iPhone 12 models could only be available in early November as the coronavirus outbreak limited global travel which in turn affected Apple's final engineering and production process. This is reiterated in analyst Ming-Chi Kuo's investor note and The Wall Street Journal's report on production delays affecting the iPhone 12.

Source: Bloomberg

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