Since at least March, we knew that the next installment of the iconic device would be pushed back due to Covid-19. Submit to the 24/7 support desk via live chat on the Terminal. , Photographer: David Paul Morris/Bloomberg. What makes the conundrum more revealing, and at the same time confusing, are the different tales being told at these companies. Many will wonder whether such data shows true strength, or is merely catch-up demand from a delayed release. This all means that not only must consumers wait longer to get their hands on the shiny new toy, but supply chain watchers will be left on tenterhooks longer than usual. could spur people to upgrade. Bloomberg Say you're a trader who only deals in JP Morgan equities. Bloomberg keeps you connected from virtually anywhere, from any … Tim Culpan, Bloomberg News. The information you requested is not available at this time, please check back again soon. One of the comforting aspects of a September iPhone release was how it allowed revenue at suppliers to be broken into two distinct phases: ramp-up, reveal, and release in the third quarter; followed by momentum and holiday-season demand in the fourth. Leverage our note-taking tools, instant chat communication, and Bloomberg MSG from both your desktop and mobile device. Single Best Chart news, business analysis, commentary, long-form features, polling, original video, interactive graphics, and more from the nation's leading business commentators. IPhone Delay Interrupts That Supply Chain Rhythm. With the iPhone to be revealed next week, and the sales launch likely to be absent the ritual queues outside Apple retail stores, we won’t know how well it’s doing until press releases (to be glowing, of course) and news reports (fawning, perhaps) roll in during subsequent weeks. Because Bloomberg Chat includes highly informal language, jargon, lax spelling, and grammar shortcuts not often detected by traditional keyword search, linguists can consult upfront to … Alternatively, the work-from-home trend and lack of other places to spend money (autumn in Paris, anyone?) Financial professionals need constant access to high-quality news, data and analytics. The pandemic initially hit manufacturing lines in China, but continued to impact the rest of the global lineup of companies that contribute to the product, all the way back to the team that develops it in Cupertino. This year, it will be crammed into just one period. That delay has had a massive ripple effect through its network of vendors, which makes parsing supply-chain data even more challenging than usual. Hit the green key twice or type HELP HELP in the command line and hit the Enter key. The first weeks of November and December will be critical for the analysts, traders and investors who parse supply-chain data to get a handle on the world’s biggest tech company. More room to grow for precious metals: Derivatives strategist, Netflix could set the stage in lowering guidance for FAANGs as we enter Q3: Synovus Trust's Morgan, McCreath: Tech stocks continue to drive markets higher, Croxon: Regulation is the biggest threat to FANG stocks, 5G will initially be 'a disappointment' for Apple: Loup Ventures' Gene Munster. Largan had it worse, plummeting 20% for the quarter. Largan’s woes, for example, aren’t limited to the iPhone delay. Foxconn Technology Group is the most obvious example. The declines resulted in a 7% fall in third-quarter revenue at Hon Hai, the largest for that period in over a decade. Tim Culpan is a Bloomberg Opinion columnist covering technology. , Photographer: David Paul Morris/Bloomberg (Bloomberg Opinion) -- For the first time since 2011, Apple Inc. didn’t release a version of its flagship iPhone in September. The Bloomberg® name and logo are the sole property of Bloomberg Finance L.P. (Bloomberg Opinion) -- For the first time since 2011, Apple Inc. didn’t release a version of its flagship iPhone in September. “Huawei, Xiaomi and other smartphone makers are expected to focus on selling more mid- and low-end models to maintain sales volume during the pandemic crisis.”. Taiwan Semiconductor Manufacturing Co., the major provider of chips for gadgets, is expected to post 11% quarterly growth when it reports sales Thursday. He previously covered technology for Bloomberg News. Its Hon Hai Precision Industry Co. unit, which assembles iPhones at factories chiefly in China, posted a 21% drop in September sales Monday. Tim Cook, chief executive officer of Apple Inc., speaks about the iPhone 8 and 8 Plus. It’s not alone. If October numbers, to be reported by Nov. 10, don’t show massive spikes, then expect an overreaction in tech stocks. This column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners. That’s respectable, but slower than recent quarters and could be further hurt by a a strengthening Taiwan dollar. The use of the Bloomberg name and logo is to identify its message type and no implication of endorsement by or affiliation with Bloomberg is intended. Market researchers may be able to give us hints by late October. Some bulls will hold on for November data, out in early December, to prove themselves right. Tim Cook, chief executive officer of Apple Inc., speaks about the iPhone 8 and 8 Plus. But we won’t get a fuller picture until early January, after the quarter is closed. Largan Precision Co., which makes camera lenses for smartphones, reported a decrease of 22%. The September decline wasn’t a one-time event, and actually followed double-digit drops in the previous two months, partly reflecting developments at Huawei Technologies Co. and Xiaomi Corp. “Weakening demand for premium smartphone lenses and order cuts from Huawei are the two major factors weighing on product prices and lens shipments,” Bloomberg Intelligence analyst Charles Shum wrote this week of Largan. The takeaway here is that consumers may not be rejecting the latest iPhone itself, but simply saving their money and opting not to buy any new top-end smartphone amid the global economic uncertainty. Access the Bloomberg Terminal wherever you are. Well before firms report quarterly revenue, Taiwanese companies are required to announce monthly sales. Different dealers and brokers provide different prices on tons of securities but you only want to view JPM-related inquiries. Download of Bloomberg messaging is under the express direction of the customer.