UBS says the firm’s “Evidence Lab” data that tracks iPhone availability across 30 geographies suggests that peak demand is behind the 17 base model. In addition, wait times for the Air model across all major geographies suggests “somewhat muted” demand while wait times for the Pro model is starting to ease, the analyst tells investors in a research note. UBS now believes iPhone 17 demand is past the initial launch peak. As such, it expects to see wait times further erode going forward absent any new promotional activity. The firm has a Neutral rating on Apple (AAPL) with a $220 price target
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