JPMorgan analyst Samik Chatterjee says that in week seven of the firm’s Apple (AAPL) product availability tracker, delivery lead times across the entire iPhone 16 lineup moderated over last week, with the decline particularly notable across Pro models. While the moderation in week seven is slightly higher than evidenced last year in the same week, lead times in aggregate are still largely in line with iPhone 15, suggesting demand remains resilient, albeit modestly below this time last year, the analyst tells investors in a research note. JPMorgan keeps an Overweight rating on Apple shares.
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