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Apple considers delaying next iPhone amidst coronavirus outbreak

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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. As per report, the new iPhone will support 5G networks, and it has raised the pressure at the iPhone maker for the

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