Apple shares plummeted on news that the 5G iPhone 12 could be held up due to concerns over the global COVID-19 pandemic, Nikkei Asian Review reported on Wednesday (March 25), citing sources.
Aside from supply chain issues, the tech giant is concerned there won’t be enough demand for its first 5G phone and is considering delaying the September release of the new phone by months, three sources told Nikkei Asian Review.