Earlier in April, analysts predicted a 36% drop for iPhone shipments given the current global situation. As a follow up to that report, the same bank, Goldman Sachs says now that a delay in the iPhone 12 even just by a few months would cost the company around $18 billion.
Reports of a delay in the iPhone 12 are in no short supply, from DigiTimes, to Bloomberg, Wall Street Journal, and others, it seems inevitable. The reason for delay mainly rests to shortened production in China due to COVID19, with only just recently things returning to some extreme of normalcy.
Additionally, travel restrictions have limited the ability for Apple engineers and designers to travel to China to finalize the design and specifics of the device. Apple is reluctant to do some digital due to the potential for leaks.