Apple'siPhone factories in India are closing temporarily, after the Indian government ordered the country's population of 1.3 billion people to stay at home for at least three weeks in a bid to reduce the spread of coronavirus.
Apple is reportedly having internal discussions debating whether to delay the launch of the 5G iPhone by months.
"Leaving supply chain constraint aside, Apple is concerned that the current situation will significantly reduce consumers' appetite for updating their phones, which could lead to moderate reception of the first iPhone 5G", said a source. with direct knowledge of the discussion.
Apple allegedly harbors big ambitions for its first 5G iPhone.
Nikkei say Apple will make their decision in May, and given the usual September launch window of the iPhone, if Apple were to delay the launch by months we could be looking at an early 2021 launch for the next-generation devices. Cupertino continues to closely monitor the coronavirus outbreak in the United States and Europe, its two largest smartphone markets.
Apple has an office with thousands of employees in Hyderabad, working on Apple Maps data.
Apple iPhone production partner Wistron has plants located in India.
Apple started to make a number of its iPhone models in India a year ago, rather than importing the devices and now the company has now suspended production of its iPhones in India due to a lock down in the country, the India government has said that the countries 1.3 billion people have to stay at home.
The report even suggested a weakness in customer demand is pushing Apple to hit pause on the launch of the iPhone 12 "by months". Such an unprecedented delay would signal that Apple believes the economy won't recover as quickly as everyone hopes.
Wall Street jumps on hopes of US$2 trillion stimulus
It also said sales are bouncing back in China, where the outbreak has eased and most Nike stores have reopened. Other travel-related stocks also stormed higher to recoup a fraction of their huge losses over the last month.
Spain registers more than 700 deaths from coronavirus
Spain's Ministry of Health says the overall number of cases in Spain increased by 20 percent to 47,610 from 39,673 on Tuesday. Spain first enforced a lockdown on March 14 , and all private hospitals were nationalized soon after on March 16.