Apple Analyst Shrugs Off Lukewarm Early iPhone 16 Demand Trends: Here's Why Soft Preorder Data Hasn't Dented Morgan Stanley's Bullish Thesis

Quick Summary:

The Apple Thesis: iPhone 16 lead times have doubled from last Friday and have been longer internationally than in the U.S., but it is still tracking lower year-over-year, said Woodring in a note.As of Sept.17, four days after preorders started: The U.S.lead time is 14.4 days, up 100% from last Friday;

But lower than the 21.6-day average for all iPhone 15 models during the same period last year;

And 18-day average for all iPhone 14 models four days after preorders started in 2022.

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Article Details

Author / Journalist: Shanthi Rexaline

Category: Technology

Markets: United States

Topics: Erik wooring Expert Ideas Benzinga Top Stories US0378331005 AAPL Analyst Color Stories That Matter Tech Reiteration News Equities Artificial intelligence Morgan Stanley Analyst Ratings

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-19 @ 12:05:21 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22593172

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