JPMorgan Reiterates Overweight on Apple (AAPL) as iPhone 17 Lead Times Track Higher

Apple Inc. (NASDAQ:AAPL) is one of the Hot AI Stocks to Keep on Your Radar. On November 24, JPMorgan reiterated the stock as “Overweight” stating how their checks show lead times for Apple’s iPhone are tracking higher.

“In Week 11 of our Apple Product Availability Tracker, lead times across the iPhone 17 series moderated by three days, which is higher than the unchanged lead times from Wk10 to Wk11 in the prior year”.

The firm believes that this is likely due to “improving supply catchup relative to demand which has been running at a higher differential relative to prior years already.”

Similarly on November 21, UBS reiterated the stock as “Neutral” citing elevated wait times for the iPhone.

According to UBS Evidence Lab data, which tracks iPhone availability across 30 geographies, wait times continue to tick lower week over week for the Base and Pro Max on average, even though both remain higher as compared to last year.

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

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