JPMorgan Stays Bullish on Apple (AAPL) with Stable iPhone 17 Lead Times

Apple Inc. (NASDAQ:AAPL) is one of the AI Stocks Shaping Wall Street’s Next Big Rally. On October 6, JPMorgan reiterated the stock as “Overweight” stating that its channel checks show lead times are moderating for Apple’s iPhone.

“In Week 4 of our Apple Product Availability Tracker, lead times moderated in what is typical for iPhones a month post launch, even though lead times are still tracking to elevated levels compared to lead times evidenced last year with iPhone 16 series, and pointing to higher demand y/y.”

Apple is a technology company known for its consumer electronics, software, and services.

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