Morgan Stanley analysts on Wednesday said they are tracking air quality reports in Chinese cities that suggests an increase in industrial activity tied to iPhone 12 production.
Two new iPhone 12 models went on sale last week and two more will go on sale next month. This is a few weeks later than Apple’s traditional cadence, which aims to release new iPhones in September, and the delay is most likely due to disruptions caused by the Covid-19 pandemic. Apple investors are looking for clues as to how the production of the finished devices is going in order to better project sales in the coming quarters.