https://wccftech.com/5g-mmwave-iphone-12-shipments-reduced-50-percent-covid-19/

The situation might not bode well for Apple as far as its biggest money-making arm, the iPhone series is concerned. As a lot of you know, the iPhone 12 lineup is expected to launch in the coming weeks, but due to the pandemic, Apple may have been forced to delay the unveiling. The pandemic might also have an adverse impact on iPhone 12 shipments, at least those that support 5G mmWave networks, according to revered analyst Ming-Chi Kuo.

Fresh insight from the TF International Securities analyst state that the COVID-19 pandemic has resulted in a delay in the installation of 5G base stations. Since the installation number is lower than expected, it will immediately have an adverse impact on the iPhone 12 shipments. According to Kuo, mmWave 5G iPhone 12 shipments in 2020 and 2021 will only reach 4-6 million and 25 million respectively, making it nearly a 50 percent reduction compared to an earlier shipments forecast, which pegged the estimates at 10-20 million units for 2020 and 40-50 million units for 2021.