Apple (AAPL) iPhone 13 Lead Times Fall - Goldman Sachs

October 21, 2021 8:05 AM EDT
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Price: $163.59 -0.72%

Rating Summary:
    44 Buy, 20 Hold, 5 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 7 | Down: 8 | New: 70
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Goldman Sachs analyst Rod Hall noted Apple (NASDAQ: AAPL) iPhone 13 lead times are down from last week but the Pro is unchanged.

"In the fifth week since launch, our lead time data for the iPhone 13 decreased by 6 days on average vs last week to ~10 days across most regions," Hall commented. "However, iPhone 13 Pro lead times remain unchanged vs last week at ~33 days. We note that all iPhone lead times remain significantly elevated compared to last year and again would question to what extent supply shortages are to blame."

The firm reiterated a Neutral rating and $140.00 price target on AAPL.

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 $149.26 yesterday.

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