Apple’s iPhone 16 shipping times are stabilizing and even extending – Morgan Stanley

iPhone 16 Pro comes in four stunning finishes: black titanium, natural titanium, white titanium, and desert titanium.
Morgan Stanley analysts have reported that lead times for Apple’s iPhone 16 Pro and Pro Max models are showing signs of stabilization and even extension. This development changes the narrative, as these models typically have shorter lead times compared to previous iPhone cycles. As of September 27th, the iPhone 16 Pro/Pro Max lead times remain relatively short but have shown a positive trend.
Investing.com:
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“At T+14, iPhone 16 Pro/Pro Max lead times have both extended by 2 days vs. T+11, vs. iPhone 14&15 Pro/Pro Max lead times contracting 4-5 days at this point,” Morgan Stanley analysts stated.
This elongation suggests that the iPhone 16 Pro/Pro Max demand trajectory is more closely aligned with the successful iPhone 12 and 13 cycles rather than the weaker iPhone 14 and 15 models.
“We are seeing this same trend internationally too, with lead times for the iPhone 16 Pro/Pro Max extending by ~2 days, on average, vs. last Tuesday in all regions but Chin,” the bank said.

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MacDailyNews Take: Again, as we wrote on September 17, 2024, when AAPL closed at $216.79:
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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