JPMorgan Sees High End Apple (AAPL) iPhone Lead Times Better Than Expected

JPMorgan analyst Samik Chatterjee reiterated an Overweight rating and $150.00 price target on Apple (NASDAQ: AAPL) noting that the lead times for the 12 mini and 12 appear to be tracking lower than prior weeks at 8 and 5 days, while lead times for the 12 Pro have been stable at 24 days and the 12 Pro Max has expanded to 25 days.

The analyst stated "Two broad takeaways for investors include: 1) high-end models are doing better than expected, likely driven by early 5G adopters; 2) lead times are expanding in US and are high in China, but moderating in Europe, revealing that enthusiasm around 5G remains low in countries without significant 5G infrastructure".

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $119.60 yesterday.

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