Apple iPhone Demand Surges: Stronger Orders, Longer Wait Times Reported

iPhone Demand and Wait Times

• 📈 Apple shares are moving higher as initial iPhone orders indicate stronger demand than the previous year.
• ⏳ Longer wait times for new iPhones are seen as a positive signal for Apple investors, suggesting robust consumer interest.
• 📊 Analysts from JP Morgan note modestly higher wait times across all four new iPhone models, with China showing particularly strong demand (25-30 day wait times).

Regional Demand and Product Specifics

• 🇨🇳 In China, the iPhone 17-based model is performing well due to eligibility for government subsidies, effectively acting as a price cut.
• 🇺🇸 In the US, wait times for each model are slightly higher compared to the previous year.
• 🇮🇳 India is also showing stronger lead times, with more iPhones being manufactured there to circumvent tariffs.

New Apple Product Updates

• ⌚ The Apple Watch has received FDA approval for its hypertension alert feature, which will also be available on older models.
• 🎧 Reviews of the new AirPods Pro indicate that the much-discussed cool translation feature was experiencing some bugs.
• 📺 Part two of Jim Cramer's interview with Tim Cook, discussing these new products in more detail, is scheduled for broadcast.