JPMorgan reported that Apple’s (AAPL, Financial) iPhone 16 lead times are in line with the iPhone 15, suggesting demand for the new model is improving. The analyst firm maintained an Overweight rating on AAPL.
After the iPhone 16 debut, delivery lead times for Pro models started to vary across all regions after a consistent four-week period. A study by analysts under the direction of Samik Chatterjee found a slight increase in lead times for base models.
Typical lead times for the iPhone 16 were below those for the iPhone 15 until the fifth week, but the survey shows a similar trend, suggesting a recovery in demand.
Base model wait times in the US have been slightly reduced. Lead time for the iPhone 16 and 16 Plus was 3 days (down from 4 days in Week 5). Lead times for Pro and Pro Max models have been reduced to 15 and 21 days, respectively, from 21 and 28 days the previous week.
The lead time for the base model in China was long. The iPhone 16 and 16 Plus recorded 4 days, an increase from 1 day in Week 5. Pro and Pro Max lead times have been reduced from 20 and 26 days to 14 and 19 days, respectively.
The Pro series saw a slight increase across Europe, but delivery times for the base model remained consistent.
This article first appeared on GuruFocus.
