According to the Wall Street Journal and reporting from 9to5Mac, it appears the iPhone 12 delay won't be 12 months, as Apple originally expected.

Background: Apple has been hit by the COVID-19 pandemic for months, with manufacturing partners struggling to keep up with iPhone supply orders. Apple typically announces new iPhones in September. As 9to5Mac points out, a month-long delay could mean the announcement will still happen “on time,” with only a delay in new iPhone 12 purchases.

Expectations: The iPhone 12 is rumored to have a more iPad Pro-like look and feel, with a flared edge instead of the current rounded one. It's also likely that Apple's new flagship will come with 5G cellular capabilities.

Bottom line: A month may not seem like much of a delay from a consumer perspective, but as 9to5Mac points out, it could hurt Apple's finances, especially if the company chooses to build fewer iPhones to begin with. Still, for those waiting until September for the latest and greatest iPhone models, it's going to be a while.