Is now the right time to unleash a new product? Whether it is or not, according to one analyst, Apple (AAPL) is readying to unveil its new budget iPhone model, the iPhone 9/SE2, the follow up to the iPhone SE.Wedbush analyst Daniel Ives says that according to available supply chain information and various retail websites, the launch is weeks away. The unveiling - originally slated for March - was delayed on account of supply chain issues caused by the COVID-19 pandemic. If the timing of bringing a new product to market appears curious, there is a reasonable explanation.“While launching a mid-cycle budget/entry-level smartphone into the backdrop of a consumer global lockdown and unprecedented pandemic will be a head scratcher to some, we note that Apple is viewing this as a low volume, low touch release with little fanfare as the phones are already ready to ship,” Ives said.Ives believes that taking...
(Bloomberg) -- Crude steadied in Asia, holding under $25 a barrel as traders weighed whether output cuts being discussed by the world’s top producers would be enough to offset an unprecedented demand loss from the coronavirus outbreak.Futures in New York rose as much as 3.5%, after sliding more than 9% on Tuesday. Saudi Arabia and Russia are hammering out terms to a production agreement, with OPEC+ talks planned for Thursday and a G-20 meeting of energy ministers set for Friday, according to people familiar with the matter, although a deal hinges on some form of cooperation from the U.S.There are grounds for optimism on that front. The U.S. Energy Information Administration slashed its oil output forecast by almost 10%, saying it now expects the nation to pump an average of 11.8 million barrels a day in 2020. The 2021 estimate was cut to just over 11 million. The country is currently...
The online retailer told customers that the service, Amazon Shipping, will be paused starting in June, according to the Wall Street Journal, which was first to report the change. Amazon is suspending the service because it needs people and capacity to handle a surge in its own customers’ orders, the Journal reported, citing sources. "We regularly look at a variety of factors across Amazon to make sure we're set up in the right way to best serve our customers," an Amazon spokesperson told Reuters in an email confirming the halt in service....
Amazon is suspending the service because it needs people and capacity to handle a surge in its own customers' orders, the Journal reported, citing sources. Amazon told shippers the service, known as Amazon Shipping, will be paused starting in June, the report added. The service was rolled out to deliver non-Amazon and Amazon marketplace packages....
