From appleinsider.com

AppleInsider is supported by its audience and may earn commission as an Amazon Associate and affiliate partner on qualifying purchases. These affiliate partnerships do not influence our editorial content.

Wait times for the iPhone 14 Pro models are now four to six weeks for Apple customers and are expected to increase in November.

In a note to investors seen by AppleInsider, investment firm Wedbush sees encouraging demand for the iPhone 14 Pro line. Analysts Daniel Ives and John Katsingris believe the iPhone 14 Pro mix is up 85% to 90% versus the iPhone 13 Pro mix around 60% to 65% at this point in the cycle.

Overall demand tracking is 8% to 10% ahead of the firm’s expectations for the iPhone 14 Pros. Apple will likely face supply issues if demand keeps at this pace during the holiday season, and sales could continue into early 2023.

Indeed, supplier Han Hai has already been ordered to shift some of its iPhone 14 production to the Pro models.

Sales are strong in China, and Wedbush believes approximately 30% of Chinese iPhone owners may upgrade to the iPhone 14 line. Out of the gates, retail servers in the country crashed as consumers placed over two million orders in total for the Pro line in the first 24 hours.

Earlier, other researchers showed that the iPhone 14 Pro Max demand exceeds the iPhone 13 Pro models in another way. Analysis from investment bank Morgan Stanley showed it had the longest lead time of any model released in the last six years at similar times after debut, at 36.5 days. However, the iPhone 14 Pro was on par with iPhone 13 Pro models at 29.5 days.

JP Morgan recently shared data saying iPhone 14 Pro has an average delivery time of 35 days, and the Pro Max is at 41 days.

Wedbush maintains its Apple price target of $220 that it raised in August 2022. This target is based on a 19x multiple for Services at $1.6 trillion and a 7x multiple for Hardware at $2.1 trillion.

You can read the original article here

New reasons to get excited everyday.

Get the latest tech news delivered right in your mailbox


5 Reasons Why You Should Try Online Horse Race Betting

In many places around the world, horse races are an attraction that a lot of people love to watch. With the fast-paced action and thrill that each game provides, it is no longer surprising to know that millions of fans have grown fond of it.

NordLayer — more than a business VPN

Cybersecurity threats have become vast and more sophisticated. The rate of malware attacks and malicious activity counts within seconds despite the size or sector the organization belongs to — no one is safe enough to expect that foe actors will bypass vital company resources.


close

Don't miss a beat!!

We’d love to keep you updated with the latest tech news from across the internet!

Don't worry, we don’t spam!

You may also like

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments

More in Apple