JPMorgan remains steadfast in its bullish outlook for Apple, reaffirming its “Overweight,” or “Buy,” rating as iPhone 17 demand shows continued stability. Channel checks reveal consistent lead times post-launch, signaling robust consumer interest and potential for stronger sales growth. With Apple’s innovation engine firing on all cylinders, the tech giant is well-positioned to capitalize on its market dominance, according to the firm’s latest analysis.
Ghazal Ahmed for Insider Monkey:
On October 6, JPMorgan reiterated the stock as “Overweight” stating that its channel checks show lead times are moderating for Apple’s iPhone.
“In Week 4 of our Apple Product Availability Tracker, lead times moderated in what is typical for iPhones a month post launch, even though lead times are still tracking to elevated levels compared to lead times evidenced last year with iPhone 16 series, and pointing to higher demand y/y.”
MacDailyNews Take: Promising – even without knowing Apple’s iPhone supply levels.
Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you!
Support MacDailyNews at no extra cost to you by using this link to shop at Amazon.
