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Apple iPhone wait times tracking flat to lower w/w, says UBS

UBS Evidence Lab data that tracks iPhone availability across 30 geographies suggests wait times continue to track flat to lower week over week on average across the lineup, the firm’s analyst tells investors in a research note. The firm notes that the Pro and Pro Max in the U.S. each ticked higher week over week, and wait times for the Pro Max are elevated by ~6 days year over year across the board. UBS has a Neutral rating and $220 price target on Apple (AAPL) shares.

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