Apple shares slip as some analysts interpret shorter iPhone 16 shipping times as demand issue

iPhone 16 Pro and iPhone 16 Pro Max feature a 48MP Fusion camera, a 48MP Ultra Wide camera, and the 5x Telephoto camera, now available on both models.
Shares of Apple fell nearly 3% on Monday after some analysts said shipping times for the new iPhone 16 Pro models versuse iPhone 15 Pro models last year indicated weaker-than-expected demand.
Deborah Mary Sophia for Reuters:
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Early pre-order data from BofA Global Research revealed shorter global shipping times for the iPhone 16 Pro models compared with last year’s 15 Pro models, as of Monday, three days after Apple started taking pre-orders.
Ship time on average for the iPhone 16 Pro currently stood at 14 days, lower than 24 days for the iPhone 15 Pro last year, the data showed, while the 19-day ship time for the iPhone 16 Pro Max compares with 32 days last year.
To be sure, some analysts also said that improving supply of the Pro models could have led to shorter shipping times this time around, after supply issues with a camera lens affected shipments for the iPhone 15 Pro Max last year.
“We are not concerned if pre-orders don’t show meaningful growth,” D.A. Davidson analyst Gil Luria said.

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MacDailyNews Take: You cannot measure demand based on shipping times without knowing how much supply Apple has in hand (also vs. the previous year compare with iPhone 15 Pro supplies being constrained due to camera component yields) and where and how those supplies are allocated in each geographic area.
We’ll take panicked dips that are wholly unsupported by solid data every single day of the week!

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The post Apple shares slip as some analysts interpret shorter iPhone 16 shipping times as demand issue appeared first on MacDailyNews.