JPMorgan stays bullish on Apple as iPhone 17 demand signals stronger sales momentum

Apple’s iPhone 17
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:
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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.”

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MacDailyNews Take: Promising – even without knowing Apple’s iPhone supply levels.

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