apple stock (AAPL) – Get a free report Investors must be really confused at this point. Conflicting information In terms of iPhone performance in the next few months, the flow continues. After all, how is this sector expected to perform during the holiday season and into 2023?
The latest encouraging data point — perhaps not for sales recognized in the fiscal first quarter, but certainly for consumer interest in Apple’s flagship product.
According to UBSiPhone lags, especially the Pro models, continue to increase. Even if the Cupertino company has been facing supply challenges lately, it seems that at least the demand for the company’s smartphones is still smoldering.
Read more: Apple stock: expect some love from Wall Street
Apple’s iPhone: A Hot Commodity
Analyst David Vogt cited his company’s Evidence Lab data saying that “wait times for Apple’s iPhone 14 lineup continued to climb in the wake of supply issues outside of China and continued strong demand.”
The analyst provided some specific numbers. For example, the Pro and Pro Max standby time in the US has reached 34 days. last time i checked, Just about a week ago, that number was lower (but still historically high) at 31 days.
In China, waiting times have reached 36 days. That’s an increase of 10 days in just one week.
iPhone: the pros and cons
Apple faces a unique problem that I bet most consumer product companies don’t mind dealing with: too much demand relative to how much the tech giant can produce and deliver.
Here’s the good news: There doesn’t seem to be any concern about consumers’ willingness to buy, pay, and wait for a new iPhone. The “super cycle” appears to be alive and well, even after last year’s pandemic-driven surge in demand.
The bad news may not be that bad after all. The main issues are the production capacity and the speed of delivery, especially from the assemblers in China. But these problems are likely to be resolved, if given enough time. do not forget it Apple is the king of inventory management and supply chain.
The key question, which is difficult to answer, is whether the missed opportunities to sell in the holiday quarter of 2022 will only propel those transactions forward for another quarter or two, or if they will be lost forever. In 2020, when COVID-19 disrupted supply channels after the launch of the iPhone 12, the former proved true — and Apple stock shot higher.
Analysts have taken both sides of the debate this time around: Wedbush’s Dan Ives appears more optimisticWhile Tony Sacconaghi was from Bernstein skeptical. Time will tell who got the story right on Wall Street.
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