The new date is Sep 28, 2022.
Analysts say the drop in Apple's share price is not a knee jerk reaction and that they still have a strong view on the current iPhone cycle.
The new phones were on display at the launch event.
Apple stock fell 2.5% to a two-month low in Wednesday morning trading after it was reported that the company wouldn't ramp up production of iPhone 14 in the second half of the year.
According to the report, Apple still expects to meet its goal of 90 million units in the second half of the year, in line with its previous estimate.
Morgan Stanley analysts wrote that there are more worries about demand for the phone.
The iPhone 14 Pro demand is robust and this will allow Apple to power through near-term macro headwinds much better than feared by the Street.
Apple shares fell more than the rest of the market. The market is looking to snap its week-long losing streak despite Apple's decline. Apple's stock is down by more than the S&P 500's decline.
Several other products were also unveiled at the September 7 launch event. The company, which produces most of its iPhones in China, announced Monday it began to produce some iPhone 14 models in India as the company looks todiversify from political tension and supply chain issues in China. According to a report from JP Morgan analysts last week, Apple will move 5% of its production to India by the end of the year and 25% of its production to the country by the end of the century.
There was an increase in the production of the iPhones.
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