Last month, the Nikkei Asian Review quoted some iPhone component makers as saying that they had been told to delay mass production schedules by two to three months.
The volume produced would be down by about 20%, the report added. But a 21 April report in the Nikkei said Apple had told suppliers it intended to make about 213 million iPhones in the year to March 2021, an increase of about 4% on the number a year prior.
The WSJ said four new iPhone models, some 5G, would be released this year, in three sizes, all with OLED screens.
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The March Nikkei report said a final decision would be taken in May, though the WSJ report appears to indicate that plans have been finalised.
South Korea's Samsung Electronics and China's Huawei Technologies, Apple's two main rivals, have both released 5G models.
Smaller companies like OPPO and LG have also released 5G models, with the former, a part of BBK Electronics, having launched two 5G phones.
Prior to the coronavirus pandemic, Apple appeared to be confident with its own delay, given that iPhone users are extremely loyal to the brand.
Apple is heavily dependent on Chinese companies for iPhone production. In February, the company warned of a global shortage of the devices due to the COVID-19 outbreak, its second earnings guidance in the second quarter, saying it would not be able to meet its quarterly revenue target of US$63 billion to US$67 billion (A$93.8 billion to A$99.8 billion) due to the shortage of iPhones and a drop in China sales.
Apple had already issued guidance on 29 January about its revenue targets.