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The highly anticipated launch of Apple’s iPhone 15 series might face a slight delay, stretching beyond its usual September timeframe, according to Wamsi Mohan, a respected global securities analyst at Bank of America. Citing his research note, which was obtained by Barrons, Mohan conducted thorough channel checks within Apple’s supply chain, revealing concerns about a possible launch delay, possibly slipping into the fourth quarter (October to December). This revelation could have significant implications and potentially disappoint Wall Street analysts regarding third-quarter guidance.
Mohan’s revenue predictions for the September quarter are now set at $87.1 billion, significantly lower than the consensus estimate of $91.6 billion. Despite a 2.5% tailwind from favorable foreign-exchange rates, the analyst expects sales of 48 million iPhone units during the quarter, falling short of the Street consensus forecast of 51 million units.
While Mohan did not provide a specific reason for the alleged iPhone 15 launch delay, it’s worth noting that no other sources have corroborated this information. As such, it’s essential to approach this prediction with caution until further updates emerge.
Recalling last year’s events, Apple unveiled the iPhone 14 series on September 7, with the iPhone 14, iPhone 14 Pro and Pro Max hitting the shelves on September 16. However, the iPhone 14 Plus encountered a delay and was launched on October 7, attributed to production disruptions caused by Chinese lockdowns at manufacturing sites.
This year, Apple is expected to adhere to its four iPhone lineup strategy, revealing the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, and iPhone 15 Pro Max. Once again, the Pro models are likely to include exclusive features not available in the more affordable iPhone 15 devices.
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Looking ahead, with Apple’s latest earnings report just two weeks away, Mohan predicts that the company’s June quarter results will mostly align with Street estimates. However, he anticipates year-over-year sales declines in all Apple hardware categories during the quarter.
As the iPhone 15 launch news continues to unfold, Apple enthusiasts and investors alike will keep a close eye on further announcements from the tech giant. Until then, the industry remains on edge, awaiting confirmation or refutation of the potential iPhone 15 series delay.