Analyst projects multi-quarter COVID-19 impact on Apple iPhone

Apple in mid-February announced that that the company would be unlikely to meet its March quarter guidance, citing both supply and demand issues in response to the COVID-19 pandemic. Now, Argus projects the negative impact is likely to play out in more than one quarter.
Shanthi Rexaline for Benzinga:Jim Kelleher reiterated a Buy rating on the shares of Apple with a $350 price target… Apple likely delaying the launch of its 5G iPhones from September to closer to Christmas or even into cale