January iPhone shipments much higher than average in China, data suggests
Apple's iPhone shipments are tracking higher than the typical seasonal average in Mainland China, according to new smartphone market data.
Apple's iPhone shipments are tracking higher than the typical seasonal average in Mainland China, according to new smartphone market data.
Investment bank JP Morgan expects Apple to beat Wall Street's consensus when it reports revenue, and break its holiday quarter records, despite a hit from supply chain constraints.
Estimated iPhone 13 delivery times are increasingly pointed toward the lineup hitting supply demand balance, according to investment bank JP Morgan.
The supply of current-gen iPhones is improving, with lead times for orders reducing to the best levels since the iPhone 13 launch, analysts say, but Pro models continue to take longer to be delivered than the standard version.
Investment bank JP Morgan has increased the target price for Apple to $210, citing high demand and expected earnings in early 2022, as well as the prospect of a 5G iPhone SE.
Demand for Apple's iPhone 13 range is still healthy 12 weeks after release, analysts claim, citing lead times for all models getting longer after weeks of remaining relatively static.
Sales of the iPhone 13 family continues to be robust in the United States, a survey indicates, with Apple benefitting from high early demand for the new models, and supply issues affecting competitors.
A strong resurgence in iPhone shipments in China during the month of October hints at a robust iPhone 13 cycle, according to investment bank JP Morgan.
Although still elevated compared to the iPhone 12, estimated delivery dates appear to be contracting for the iPhone 13 lineup, according to JP Morgan.
Estimated delivery dates for Apple's entire iPhone 13 lineup remain higher than the previous year's iPhone 12 despite a slight moderation, according to JP Morgan.
Delivery estimates for Apple's iPhone 13 collection remain elevated but have stabilized after shortening slightly one week ago, which analysts believe demonstrates healthy demand for the current device generation.
Delivery estimates for Apple's entire iPhone 13 lineup remain elevated, but iPhone 13 Pro lead times are contracting slightly in the seventh week of availability.
Apple will likely report a solid revenue beat for its fourth quarter, though supply constraints could lead to first quarter guidance lower that's than usual, according to JP Morgan.
Buyers of Apple's new iPhone 13 lineup appear to be sticking with the higher-end pro models despite long delivery estimates likely caused by supply chain issues.
Consumers looking to upgrade or switch to a new iPhone early in its lifecycle are showing more interest in Apple's higher-end iPhone 13 Pro and iPhone 13 Pro Max modes, largely due to a lack of relevant rivals.
The supply chain situation surrounding Apple's iPhone 13 production is improving, but there are still potential risks ahead for the lineup in the fourth quarter of 2021, JP Morgan says.
Lead times for every model in Apple's new iPhone 13 lineup remained stable in the third week of availability, a potential indicator that demand for the lineup is robust, an analyst said.
Apple remains a top pick for investment bank JP Morgan, which expects the company to exceed low investor expectations in iPhone and services growth.
Apple iPhone sales in China slowed down in August, likely suggesting that many Chinese customers deferred purchasing new handsets in anticipation of the iPhone 13 launch.
On the day of Apple's iPhone event, new research suggests that sales of the company's iPhone 12 models remain strong amid global supply chain issues and ahead of the iPhone 13 launch.
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