IPhone manufacturer Apple Inc. (AAPL) is looking forward to launch a low cost 5G iPhone and an updated iPad in March. This development was revealed by insider sources with direct knowledge on the matter who said the company is targeting a date on or close to March 8.
According to the source, the new iPhone which will feature 5G capabilities, an improved camera and a faster processor coming as the first update to the iPhone SE model in two years.
This report was first reported on Bloomberg who said despite the launch date being only a month away, the company’s plans may still change due to production delays which is being witnessed due to the global chip shortage.
Nonetheless, the company seems to be overcoming the deep biting global shortage of computer chips since it posted record sales in the last quarter surpassing what analysts’ were expecting for the Cupertino, California-based company.