iPhone 12 release might not happen until November

• Apple's iPhone 12 release date may be delayed until November 2020.
• When the iPhone 12 does arrive, sales may be tepid in light of the economic downturn caused by the coronavirus.
• Rumor has it Apple will decide on a firm iPhone 12 release date next month.
• Visit BGR's homepage for more stories.

A new investor note from Goldman Sachs relays that Apple will delay the release of its highly-anticipated iPhone 12 until November. In turn, the investment bank -- which also happens to be partners with Apple on the Apple Card -- downgraded Apple shares to a rare "sell' rating.

In a note obtained by Reuters, Goldman Sachs analysts articulated that the economic downturn caused by the coronavirus will have a marked impact on iPhone upgrades. Put simply, the note claims that iPhone owners "will keep devices longer and choose less expensive Apple options when they do buy a new device."

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iPhone 12 release might not happen until November originally appeared on BGR.com on Sun, 19 Apr 2020 at 09:30:04 EDT. Please see our terms for use of feeds.