Apple says new iPhone launch will be delayed 'a few weeks'

Yolanda Curtis
August 1, 2020

'We believe we are going to have a strong back-to-school season, ' Apple CEO Tim Cook said on the conference call, Axios reported.

Yes, you read that correctly: stimulus packages. Apple was also quick to adapt to the pandemic, doubling down on digital customer experiences as more people were required to stay at home.

It gained more number of consumers in Europe that has been a stronghold for the company in the past.

But the global smartphone market was already stagnating before the novel coronavirus caused it to contract, and Apple has leaned heavily into growing its services business, which is where the company's fastest revenue growth occurred during the fiscal third quarter.

Apple iPhone SE (2020)Apple defied expectations in Q2.

The development will see Apple catch up to its Android-based rivals, whose latest offerings have all featured 5G capable handsets. Still, he cited record revenue for the App Store, Apple Music, video products and cloud services.

So, it's clear that more people are relying on Apple's services to get them through quarantine.

Apple's financial chief said Thursday that this year's new iPhone models will arrive a few weeks later than they have in years past, confirming earlier news reports and supplier comments. Wall Street was looking for a much lower figure of $22.4 billion and the reported amount was 1.7% ahead of the revenue generated by the iPhone during the same quarter previous year. There were also minor updates to the iPad Pro and MacBook Pro, and new accessories like an iPad Pro keyboard with trackpad. Seeing as how most of us are working from home for the foreseeable future, investing in a new computer or tablet is easily justifiable during these work-from-home times.

The numbers weren't as groundbreaking when it comes to its wearables growth which decelerated.

Apple saw a slow first three weeks of iPhone sales in April when the impact of Covid-19 was "particularly bad", but conditions improved in May and June.

Other reports by iNewsToday