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Apple iPhone 9 release may be delayed because of coronavirus: report

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  • Apple’s rumored low-cost iPhone may be delayed because of supply constraints resulting from the coronavirus outbreak, according to Nikkei Asian Review.
  • The news comes just after Bloomberg reported that the phone was still on track to launch in March.
  • Apple also said on Monday that it does not expect to meet its revenue guidance for its fiscal second quarter because of the virus.
  • Visit Business Insider’s homepage for more stories.

Apple may miss its target to release a low-cost iPhone in March, according to a new report from Nikkei Asian Review, which comes just a day after Bloomberg reported that the launch was still on track.

Mass production of this new iPhone was slated to begin in February in preparation for a March release, as a previous Bloomberg report had indicated. But according to the latest report from Nikkei Asian Review, broad scale production of the expected low-cost iPhone may shift to March due to setbacks related to the coronavirus.

Suppliers in Apple’s supply-chain network are currently working at between 30% and 50% capacity, a source told Nikkei Asian Review, as China-based plants grapple with shortages of labor and components. Apple could experience constraints until April, the report says. 

“I think you have to plan for some form of a delay at this point,” Gene Munster, managing partner at Loup Ventures, said to Business Insider when asked about the rumored low-cost iPhone. “They can launch a product, but it may be in short supply.” 

Apple did not immediately respond to Business Insider’s request for comment. 

The report, although unconfirmed by Apple, is another sign of the coronavirus outbreak’s impact on the tech giant’s business. Apple said on Monday that it does not expect to meet its revenue guidance for the March quarter because of supply constraints and slowing demand in China caused by the virus. Although its iPhone manufacturing sites have reopened, they are ramping up more slowly than expected, Apple said.

Apple’s rumored $400 iPhone is expected to feature a design that’s similar to the iPhone 8, but with internal components that are similar to 2019’s iPhone 11 and iPhone 11 Pro. Many have speculated that it will be called the “iPhone SE 2,” suggesting that it may be a sequel to the company’s low-cost iPhone from 2016, or the “iPhone 9,” since it’s said to resemble the iPhone 8.

It’s one of several new gadgets Apple is expected to launch in the first half of this year, along with a new pair of high-end headphones, Tile-like tags to help users find lost items with their iPhone, and a refreshed iPad Pro, according to TF International Securities analyst Ming-Chi Kuo. A Bloomberg report on Tuesday suggested that the new iPad Pro could be delayed because of the coronavirus.

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COVID-19: Ottawa small businesses see revenue dry up

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Ottawa jewelry maker Alyssa Spaxman kids that she’s doing a lot of deep breathing these days.

After all, she needs a means of calming herself, given COVID-19 and the massive hit her business, Strut Jewelry, has taken.

“Carrying the anxiety and fear of losing my income, along with concerns for the health of my friends, family and myself … has been completely draining,” Spaxman says.

The financial impact of the pandemic has been “immeasurable,” says Spaxman, who launched her business in 2009 and has two part-time employees working with her in her studio.

She finds herself in a plight common to many small businesses and product makers who have wares to sell but practically no way now to sell them.

The income streams that Spaxman built up over the years “have all toppled in one week,” she says.

“Events are cancelled, stores that carry my work are all closed. I am down to a trickle of online sales,” says Spaxman.

Many shows and markets Spaxman normally attended — such as the Ottawa Farmers’ Market at Lansdowne Park, which has suspended operations — have been cancelled.

As for the future, Spaxman worries that some shops that stock her work may go out of business or have to scale back their operations, affecting her sales. Furthermore, she fears that “people are losing their jobs and the capacity to spend on non-essential goods like mine.

“The negative effects on my livelihood are direct, far-reaching and will be felt for a very long time,” she says.

Spaxman is doing her best to adapt to the new COVID-19 normal, promoting sales through her website, offering discounted gift cards, pick-ups from her porch and free shipping for orders of more than $100.

But she says: “I don’t want to overwhelm my customers, as so many of them are overwhelmed themselves and grappling with this new reality we are all faced with.

“I’m hoping that our government will offer something to help,” Spaxman said in an interview Thursday.

On Friday, in an effort to help small- and medium-sized businesses stay afloat, Prime Minister Justin Trudeau announced the federal government will cover 75 per cent of wages for qualifying small- and medium-sized businesses, backdated to March 15.

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French Laundry restaurateur Thomas Keller sues for coronavirus insurance coverage

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Keller’s attorney says the suit against insurer Hartford Fire Insurance Company — and other similar challenges filed by restaurant owners — is intended to establish legal precedent so that businesses facing mandated coronavirus closures are covered by their business interruption insurance policies.

Matthew Sturdevant, a spokesperson for The Hartford, declined to comment on the lawsuit. The suit was brought by French Laundry Partners, LP and Keller’s restaurant group.

Keller is one of America’s most-decorated chefs, and his restaurants have received numerous awards and accolades. He’s the first American-born chef with two restaurants simultaneously achieving three-star ratings from the Michelin Guide.

Keller’s group has about a dozen restaurants in New York, Las Vegas, Miami and Yountville, Calif.

His is not the only challenge by a restaurant regarding coronavirus-related insurance coverage. New Orleans seafood restaurant Oceana Grill made a similar move earlier this month in asking a Louisiana court to make a declaratory judgment that its insurance policy with Lloyd’s of London covers civil authority-ordered closures.
Chef Thomas Keller

The American Property Casualty Insurance Association this week said it believes that most insurance policies — including those with business interruption coverage — do not cover viruses such as Covid-19 and that to “retroactively rewrite existing insurance policies” could put the insurance industry at risk.

One estimate by the association found that small business’ potential continuity losses could total $220 billion to $383 billion per month, which would quickly consume the estimated $800 billion surplus US insurers have for payouts.

“If policymakers force insurers to pay for losses that are not covered under existing insurance policies, the stability of the sector could be impacted and that could affect the ability of consumers to address everyday risks that are covered by the property casualty industry,” David A. Sampson, president and CEO of the association, said in a statement.

John Houghtaling, the attorney representing both Keller and Oceana Grill, told CNN Business that “It’s become clear the insurance companies were not going to honor these policies.”

Houghtaling, managing partner of Gauthier, Houghtaling LLP, referenced a posting made earlier this month by a catastrophe litigation attorney with Zelle LLP, a boutique law firm that focuses on insurance-related matters. The attorney wrote that unless policies specifically outline non-physical damage coverage, businesses “are unlikely to find relief within the four corners of their policies.”

Houghtaling disagreed with the assessment.

“They’re wrongfully denying us, which is going to cripple millions of people and their livelihoods,” he said.

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Feds increase wage help for business amid COVID-19 pandemic | paNOW | Prince Albert, Saskatchewan

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(The Canadian Press)

By Glenn Hicks

Wage Help

Mar 27, 2020

The Prince Albert and District Chamber of Commerce is applauding the latest federal government move to keep businesses afloat amid the COVID-19 pandemic.

Ottawa will now offer a 75 per cent wage subsidy to qualifying small and medium-sized enterprises (SMEs) who have been affected by the pandemic. Previously it had announced a 10 per cent wage subsidy. It is backdated to March 15. Also, an emergency account will offer loans up to $40,000 interest free for one year, $10,000 of which may be forgivable to qualifying businesses.

“Anybody who still has employees who are working, I would imagine this will come as a relief,” CEO of the local chamber Elise Hildebrandt told paNOW. But she added the details of the package were still scarce, including which businesses would qualify. She was hoping to get an update soon from federal officials and post the details to the chamber website.

Hildebrandt said the $40,000 loans would be a benefit for local firms.



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