Archives of “April 2020” month

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Apple reportedly pushes back mass production of its 2020 flagship iPhones

  
  Analysis
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WSJ reports, citing people familiar with the changes

Apple

The report says that Apple is delaying production of its flagship iPhones coming later this year by a month, as the coronavirus pandemic weakens global demand and also disrupts manufacturing activity across Asia.

That said, Apple is still going ahead with plans to release four new iPhone models later in the year, according to the sources.
Typically, the company will ramp up mass production early in the summer around August before unveiling the phones in mid-September.
However, the sources say that while Apple will still build some of the new iPhones in July to September, mass production will slide back by about a month this time around.

The full report can be found here (may be gated).

UK health minister Argar says PM Johnson is ‘full of energy, back in the driver’s seat’

  
  Analysis

Some comments by UK minister of state for health, Edward Argar

For the uninitiated, UK PM Boris Johnson is set to return to work today after recovering from his battle against the coronavirus disease for more than a month.

Meanwhile, Argar also adds that “the science is not saying we are ready to lift lockdown restrictions” and that “we are going to have to stick with this at least for the moment”.

Japan PM Abe: Wants to start cash handouts as early as possible in May

  
  Analysis
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Comments by Japan prime minister, Shinzo Abe, in parliament

Japan
  • Economy is in an extremely severe state
  • This will continue for some time
  • Japan not seeing an explosive increase in virus cases now
The headline remark relates to the ¥100,000 cash handout to every citizen in the country. When launching these measures, timing and effectiveness are both equally key.
It sounds good to get money to every citizen to mitigate the fallout from the virus impact. But if it takes too long to reach them, the damage becomes more permanent.
In the case of other government measures, the effectiveness matters too. A good example is the US’ PPP funding whereby large and publicly traded companies even swooped in for the money alongside smaller companies and mom-and-pop shops.
So, while the market may respond favourably to these stimulus measures on the announcement, the true “value” depends on the execution. And that will show up in the medium-to-long term fundamentals in each country once this is all over and done with.
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