Apple (AAPL) iPhone Lead Times Drop Globally - Goldman Sachs

Goldman Sachs analyst Rod Hall reiterated a Neutral rating and $142.00 price target on Apple (NASDAQ: AAPL) after providing a lead time update on the iPhone. Hall notes that while iPhone lead times dropped globally there are signs that U.S promos drove demand for the new devices.

Hall noted steady lead times for China and the US and a dip of ~7days across UK and Europe.

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 $165.30 yesterday.

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