JPMorgan analyst Samik Chatterjee says the firm’s mid-week check following initial iPhone 17 pre-orders on September 12 show lead times, on average, have expanded by four days across the lineup, driven by 7 days of expansion for iPhone 17, three days for Air, five days for 17 Pro and two days for 17 Pro Max. Lead times are tracking higher relative to the iPhone 16 cycle, the analyst tells investors in a research note. The firm sees demand for the iPhone 17 base models driving the highest upside surprise. JPMorgan keeps an Overweight rating on the Apple (AAPL) shares.
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