Apple's new iPhone demand slows down! Morgan Stanley: iPhone 16 delivery lead time begins to shorten
Morgan Stanley's report pointed out that the delivery cycle of Apple's iPhone 16 series is starting to shorten, but still remains consistent with the iPhone 15 series. Analyst Samik Chatterjee stated that the overall delivery cycle of iPhone 16 has shortened compared to last week, with a particularly significant decrease in the Pro models. Compared to the 6th week of 2023, the delivery cycle has been shortened by 3 days, with a significant reduction in the delivery period for the Pro version. Chatterjee has given Apple a "overweight" rating, expecting Apple to announce its fourth-quarter performance on October 31st, with an earnings per share of $1.55 and revenue of $942.6 billion
According to the latest report from Morgan Stanley on the Zhitong Finance and Economics APP, the delivery time of the iPhone 16 series from Apple (AAPL.US) has started to shorten, but still remains consistent with the iPhone 15 series.
Analyst Samik Chatterjee wrote in a report to clients: "In the 7th week of our Apple Product Availability Tracker, the delivery time of the entire iPhone 16 series has shortened compared to the previous week, with a particularly noticeable decrease in the Pro models. Although the shortening in the 7th week is slightly higher than the same period last year, the overall delivery time remains basically the same as the iPhone 15, indicating that demand still has elasticity, albeit slightly lower than the same period last year."
Chatterjee pointed out that compared to the 6th week of 2023, the delivery time has been shortened by 3 days, and compared to the 7th week, it has been shortened by 2 days. In the United States, the delivery time for the standard version has "slightly" shortened, while the delivery time for the Pro version has "significantly" shortened (by 1 day and 8 to 15 days respectively). There have also been moderate changes in the delivery time of the iPhone 16 series in the Chinese and European markets. Currently, Chatterjee rates Apple as "hold".
Apple is set to announce its fourth-quarter earnings after the U.S. stock market closes on October 31st. Analysts generally expect Apple to have an earnings per share of $1.55 and revenue of $942.6 billion
