Source: Apple
Supply and demand for iPhone 13 got really chummy to end the year. Toward the end of the week last week, Apple Insider ran a piece that had JP Morgan analyst Samik Chatterjee tracking wait times for Apple’s latest communicators. According to the analyst, the Pro phones are still the hardest to get, though they only require a bit of patience. On average globally, would-be buyers are looking at three-day waits for iPhone 13 mini, iPhone 13, and iPhone 13 Pro Max, with a five-day wait for iPhone 13 Pro. Breaking those waits down:
No wait for the lower end of the line in the U.S. Opting for an iPhone 13 Pro or Pro Max means waiting a day or two
No wait for the lower end of the line in China. Going iPhone 13 Pro means waiting five-days, while a Pro Max is only a day away
While waits for Pro phones may frustrate some buyers, it looks like good news for Apple. The report indicates that the “skew toward the higher-end models” bodes well for iPhone’s average selling price.
Chatterjee has a “Buy” rating on Apple shares. TipRanks shows his 12-month price target on the shares at $210.
