Apple's next iPhones may not arrive until November, according to Goldman Sachs

The updated iPhone SE could be the only new iPhone for a while.

Eli Blumenthal Senior Editor
Eli Blumenthal is a senior editor at CNET with a particular focus on covering the latest in the ever-changing worlds of telecom, streaming and sports. He previously worked as a technology reporter at USA Today.
Expertise 5G, mobile networks, wireless carriers, phones, tablets, streaming devices, streaming platforms, mobile and console gaming
Eli Blumenthal

Apple's next iPhones may be delayed until November due to the coronavirus. 

Angela Lang/CNET

Apple has a new iPhone SE launching next week, but those holding out for the iPhone 12 may need to brace for a long wait. According to a report, Apple's next iPhones may be delayed until November. 

The report, as shared by Reuters, comes from Goldman Sachs analysts as part of a note that downgrades Apple's stock to a "sell" rating. The bank predicts that  iPhone  shipments will drop 36% in the current quarter and that as the coronavirus continues to impact the economy, people will choose cheaper Apple devices or hold onto their current phones longer. 

Apple's new iPhone SE, which has a design similar to the iPhone 8 but with an updated rear camera and processor, starts at $399. The iPhone 11, by comparison, starts at $699. 

Apple traditionally updates its iPhone line early in the early fall, with this year's rumored iPhone 12 expected to feature new designs and support for faster  5G  networks. Due to the coronavirus impeding Apple's final engineering and production, the bank doesn't expect the new models to arrive until November. 

Rumored issues with the OLED supply of 2016's iPhone X, the first iPhone without a home button, caused it to be delayed to Nov. 3 marking the first time a major new iPhone was released in November. 

Apple did not immediately respond to a CNET request for comment.