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Delayed iPhone 12 sales could be a drag on Apple’s quarterly report

October 29, 2020

Via: Fortune
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Investors are expecting Apple to report a solid quarter this week despite the weak state of the global economy. But a few analysts warn that the iPhone maker’s numbers may fall short.

The COVID-19 pandemic shut down many factories earlier in the year, including some supplying parts for iPhones, forcing Apple to delay introducing its new models this year. The new $800 iPhone 12 and $1,000 iPhone 12 Pro didn’t go on sale until mid-October, while the $700 iPhone Mini and $1,100 iPhone 12 Pro Max won’t reach customers for another few weeks.

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