By Dade Hayes Finance Editor Apple shares moved sideways in early trading Monday after a report in the Wall Street Journal said production of new fall models of its flagship iPhone will be delayed by a month due to COVID-19.
The newest iteration of the handset, unofficially dubbed the iPhone 12, will feature select 5G features. Apple is going to move forward with releasing the phone despite the production headwinds, the Journal reported.
The tech giant did not immediately respond to Deadline’s request for comment. Shares in Apple were down a fraction at $281.64 as the majority of media and tech issues enjoyed an upbeat start to the week’s trading.
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