Latest iPhone data shows that iPhone Duo delivery wait times remain long, while Pro series delivery times vary significantly across regions, particularly in China, where the average wait time has shortened to approximately one day. Overall, delivery wait times for the Pro models indicate that despite price increases, demand remains resilient compared to the same period last year.
We believe that Duo demand is also a positive sign. With easing supply constraints, Duo demand could significantly impact revenue, while also demonstrating consumer interest in new designs and product forms. Apple can drive upgrades and replacements through design innovation. (JPMorgan Chase report, October 26)