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Apple's share price has been hit hard: 5g iPhone may have to wait more than a year

via:驱动之家     time:2020/4/5 9:00:34     readed:212

With the outbreak of the new coronavirus in the world, the economy may have an unprecedented recession, and Wall Street analysts believe Apple's share price will fall further.

On Friday, Morgan Stanley analyst Katie

This year, Mr. huberti has lowered Apple's sales and profit forecast for the third time. In the latest report, Mr. huberti takes into account the severe recession.

According to Hubbard,Once the recession caused by the new coronavirus is over, Apple will rebound.In her report, she stated:

During the recession, apple's customers will have more time to own their phones, will be delayed, and iPhone replacement cycle will exceed four years.

Cowen analyst Chris

In his report, Sankar stated:

Hardware sales will be hit and services could be apple's highlight. Services include Apple Music、Apple TV 、iCloud、App Store and others.

Sankar added:

Analysts at wedbush securities also lowered Apple's target price from $335 to $247.74, fearing that the 5g iPhone 12 might be delayed.

Nevertheless, analysts believe that Apple will sell a lot of iPhones this fall, which is a very important year for apple, because the 5g super cycle will start in September, and the iPhone will usher in an update boom.

But the new crown virus is a big worry. Because the supply chain is affected by the virus, Apple may not be able to keep up with the capacity if it launches new products in the fall, so Apple 5 G iPhone may be delayed to the holiday season and even pushed to 2021.

If the worst-case scenario predicts that the supplier may not be able to fully produce by june, five G iPhone may not be available until mid-2021.

Apple shares fell 1.44 per cent to $241.41 in friday's trading. Apple's shares hit a record high of $327.20 on february 12, then fell to $224.37 on march 23, then rebounded and fell.


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