Apple iPhone 16 Lead Time Falls Short Of iPhone 15, But One Analyst Says Investors Shouldn't Panic
Portfolio Pulse from Chris Katje
Apple's iPhone 16 lead times are shorter than the iPhone 15, raising concerns about demand. However, Goldman Sachs analyst Michael Ng maintains a Buy rating on Apple, citing potential benefits from a multi-year iPhone upgrade cycle. T-Mobile's positive commentary on iPhone 16 demand and lean inventory ahead of launch are also noted.
September 23, 2024 | 3:13 pm
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Goldman Sachs analyst Michael Ng maintains a Buy rating on Apple despite shorter iPhone 16 lead times compared to iPhone 15, suggesting potential demand concerns. However, lean inventory and positive demand commentary from T-Mobile are positive factors.
The analyst's Buy rating and positive outlook on Apple's earnings potential from a multi-year iPhone upgrade cycle counterbalance concerns about shorter lead times. T-Mobile's positive commentary and lean inventory suggest demand may not be as weak as lead times imply.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100