Foreign media: Apple's 5G mobile phone release postponed to October due to the epidemic

March 7 news, according to foreign media reports, due to the impact of the new coronavirus epidemic, Apple's 5G version of the iPhone will be postponed for one month, that is, it will be released in October.

Foreign media said that the news came from an expert in Apple's supply chain. The expert also said that due to the epidemic and insufficient demand, the release time of the low-priced iPhone, namely iPhone SE2, has also been postponed.

Foreign media said that the release time of the new iPhone will depend on the mass production in April and May. iPhone assembler Foxconn said this week that the company will resume normal production in China by the end of March.

Earlier this week, foreign media reported that the iPhone SE2 assembly plant in China has entered the final trial production stage, but the orders for core components needed to produce this device have been postponed to the second quarter, which also means that mass production of this phone may be postponed to the second quarter of this year.

Many companies in Apple's supply chain have also been affected, such as LG Innotek, a supplier of Apple's camera modules. LG Innotek temporarily closed a factory in Gumi, South Korea, because one of its employees was confirmed to be infected with the new coronavirus.

In addition, due to the impact of the epidemic, the travel of Apple engineers may also be affected, which will also affect the progress of the 5G version of the iPhone.

Affected by the epidemic, Apple's stock price has become more volatile. At the close of Friday, Apple (NASDAQ: AAPL) stock price fell 1.33% to $289.03. Last month, Apple's stock price reached a high of $327.85. Apple's current total market value is about $1.26 trillion.