With the global economy clouded with uncertainty, some businesses are feeling the pinch more than others.
One company that is clearly unphased by the pandemic is Apple, which was recently valued at $US2 trillion.
With the iPhone 12 set to be unveiled later this month, reports suggest Apple is optimistic that sales of the new device will be strong.
The Washington Post has reported Apple has asked its suppliers to prepare 75 million new handsets.
This is a similar figure to 2018 and 2019.
With the new 5G-enabled iPhone 12 set to come with a hefty price tag, many would have expected Apple to produce fewer new devices this year.
However, with iPhone sales continuing to beat expectations during the pandemic, Apple has clearly decided to err on the side of optimism.
With the launch of the new iPhone tipped for 10 September, there are still a number of questions about what the device will actually look like.
Mysmartprice has leaked a rumour recently that the new phone would actually have a smaller battery capacity to that of its predecessor.
The new device is also expected to come equipped with a new chip.
It is expected Apple’s contract chip maker will manufacture a 5-nanometer A 14 chip, which will focus on speeding up artificial intelligence and AR tasks.
And while there are some big changes coming under the hood, don’t expect the new iPhone to look too different to the iPhone 11.