Heard on the Street: Amazon's Prime Day and Apple's delayed iPhone launch could mean a $100 billion sales quarter for each tech giant
The pandemic may have forced Apple Inc. to delay its big iPhone launch by a few weeks, but there is a silver lining in this particular cloud.
During its fiscal third-quarter earnings call on Thursday, Apple confirmed that this year’s crop of flagship iPhones will launch a few weeks later than the normal late September window. This counts as a major disclosure from a company that normally doesn’t breathe a word about future products, though it was also Apple’s worst-kept secret by this point. The Wall Street Journal reported...
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