- Reports say the coronavirus could delay the release of the 5G technology on Apple's iPhones
- The cause of the delay has been traced to travel restrictions placed on Apple's engineers following the spread of the coronavirus
- The delay comes on the heels on an earlier release of the 5G technology on Android platforms in early 2019
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The coronavirus, since its outbreak, has infected an estimated 82,000 people and led to about 2,800 deaths.
It has also led to the cancellation of a number of important events and a number of companies have asked their employees to work from home.
Information available shows that Apple’s attempt to introduce 5G iPhones onto the market has been met with challenges.
The company’s engineers have also faced challenges in their attempt to conclude tests so the phones can be released.
This, per a report by venturebeat.com, is as a result of travel restrictions imposed following the outbreak of the coronavirus.
It has, however, been estimated that there would be a one to month delay for the new iPhone models pushing the release date from September to October or November 2020.
The delay is likely to have an effect on Apple and its supplier earnings and some countries are likely to wait for a longer period for the delivery of the new devices.
This would give Android users an advantage, as they have been using the 5G technology since early 2019 as Apple customers wait for theirs.
In other news, the Coalition of Aggrieved Customers have called on the government to ensure that their deposits are released in a maximum of two weeks.
According to them, they would have no option than to embark on a demonstration if their demands are not met.
The group indicated that the government has refused to implement measures to ensure the payment of deposits to their customers following the financial sector clean-up.
In an address to the media, the coalition’s public relations officer, Charles Nyame, stated that the government has till Tuesday, March 24, 2020, to settle all outstanding payments.
In 2019, the Securities and Exchange Commission (SEC), revoked the licenses of 53 fund management companies.
This, per a citibusinessnews.com report, was as a result of a series of regulatory breaches discovered with regard to their operations.
Information available shows that the companies affected by SEC's decision were managing over GHC8 billion in assets.
It has been established that some of the collapsed fund management companies had locked up funds in savings and loans, as well as other financial institutions that were shut down by the Bank of Ghana (BoG).
As a result, they were therefore not in the position to meet demands for funds by investors.
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