Apple (AAPL - Free Report) is making waves on Monday amid new reports involving the technology giant, including the possibility that its upcoming iPhone could be delayed.
Shares of Apple rose marginally in morning trading despite new reports that the iPhone 8, the much-anticipated 10th anniversary edition of the phone, might be delayed. A DigiTimes piece, which cites the Economic Daily News, was the first to report on Monday that production on Apple’s newest iPhone could be postponed.
“Production of the OLED-version next-generation iPhone will be delayed to November-December, shipping only in small volumes initially, according to a Chinese-language Economic Daily News (EDN) report… Volume production of the 4.7- and 5.5-inch models at Foxconn and Pegatron are now expected to enter full swing in August, 1-2 months later than the normal mass production schedules of new iPhone devices in previous years,” the report said.
According to the report, Apple’s iPhones would not hit the market until right before the pivotal holiday season based on the updated production timetable.
Wall Street has also expected delays to the new iPhone. Analysts now project the phone to make its debut after September – the month Apple traditionally unveils its new iPhones. Morgan Stanley (MS - Free Report) analyst Katy Huberty wrote in a note to clients on Monday that there is "increasing evidence OLED iPhone launches in October, rather than September."
"In light of the most meaningful feature and technology upgrades in iPhone's history — including OLED displays, wireless charging, and 3D sensors for AR — we believe it's reasonable to assume the new, higher-priced OLED iPhone ships in October rather than September."
However, according to Huberty, the possibility of iPhone 8 delays won’t decrease the demand for the new phone.
The company’s phones advance from model to model, but the jump from the iPhone 7 to Apple’s 10th anniversary iPhone is projected to be massive.
The iPhone 8 is rumored to feature an OLED – organic light-emitting diode – screen that takes up the whole phone, which means no front-facing button. Apple’s new phone is set to feature a 3-D face scanner, which is said to have contributed to production delays. Wireless charging is also scheduled to make its Apple debut for the new iPhone.
Apple’s new iPhone might cost as much as $1,200, which is almost double the price of the iPhone 7.
iPhone 7s & More Emojis
Just for good measure, or to make up the possibility of delays to the iPhone 8, the tech powerhouse is scheduled to launch its now-customary iPhone updates on time. The new versions of its current iPhone models, the iPhone 7s and 7s Plus, are set to debut in September.
On top of all the other news, Apple helped celebrate World Emoji Day by previewing the company’s new batch of emojis for iOS, macOS, and watchOS that will debut later this year.
Apple’s new emojis feature a bearded man, a woman breastfeeding, a woman in a headscarf, and a man meditating. Some of the more goofy emojis include a zombie, an elf, and a T-Rex. There will also be more food options including coconut and steak emojis.
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