Apple considers delaying next iPhone amidst coronavirus outbreak

San Francisco: The shares of Apple dropped late Wednesday as a report by The Nikkei Asian Review suggested a significant delay in the launch of the next iPhone.

The Cupertino-based tech giant is considering a delay to its iPhone launch by “months” because of issues related to consumer demand during the COVID-19 coronavirus crisis.

Apple closed at $245.52, down .55 per cent after it was positive for most of the day during a stock market rally. It hit a high of $257.89 during intraday trading, reports CNBC.

The company typically launches new iPhones around September or October every year but is considering delaying the launch.