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Apple iPhone 13 wait times in US and China continue to get better, UBS says
Wait times for $Tesla (TSLA.US)$ iPhone 13, particularly the high-end models, are getting better in some of the tech giant's key markets, including the U.S. and China, UBS writes in a research note.
Apple shares up 1.65% to $168.03 in early Wednesday trading.
Analyst David Vogt notes that wait times - while still "elevated" - for the iPhone 13 Pro and iPhone 13 Pro Max have declined by two days since last week to 16 and 14 days, respectively. Wait times in the U.K., Germany and France also declined to 14 days, while the wait dropped to 16 days in Japan.
The wait time for the Apple iPhone 13 Pro and iPhone 13 Pro Max is 18 days in China, with the wait time for the 13 Pro "in line with last year's model," while the wait times for the 13 Pro Max "have yet to drop to the degree we saw last year despite the high price point suggesting stronger demand," Vogt adds.
The analyst expects December quarter iPhone units to come in at 80 million units and fiscal 2022 iPhone units to be 230 million, compared to 82 million and 235 million, respectively.
Vogt has a $175 price target on Apple shares, which includes $14 a share on Apple's auto opportunity.
On Tuesday, Taiwanese research firm TrendForce said Apple will unveil the third-generation of its iPhone SE in the first quarter of 2022.
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GROW sky : Then news demand of iPhone 13 slowing after market close ,with this market apple will get crushed in the AM tomorrow, might be -10 per share - 20 per if USA gets 2 cases of Omicron , lol joke man 1 case & the market dives
Milenko : Going to $175. Rejoice. . . . For now.
Henriettalew : Should be a good holiday season for AAPL.
Ulvalua KRWUYB : Wow the only guy who actually bought the product and not their stock. I am pretty sure Cook will have another surprise for investors in next ER. Short this fat PIG which most likely has peaked!
PunditSage Ulvalua : Nope. 1800 shares at a cost basis of $18.80. Short it. I dare you
CuryNeil Ulvalua : LOL
goooobro : David Vogt doesn’t have much of an upside for AAPL does he?
Teacher Tony Wayne : There are no wait times, in most of Europe on can walk into a store and pick up nearly any model. Just go on Apple’s country websites and check.
Theressa Perico Teacher Tony Wayne : Had to wait 3 weeks for my 13 pro max ordered 2 days after release, not too bad in
.
alleybetwixt Theressa Perico : Why not just go to a Apple Store ?
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