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Apple iPhone 17 high-end model lead times stabilizing, says BofA

BofA notes that the firm’s tracking of iPhone ship dates indicates that ship times for the iPhone 17 Pro and Pro Max models have been stable in the past two weeks as of October 13. On average globally, ship time for the iPhone 17 Pro is currently at 13 days while iPhone 17 Pro Max stands at 20 days, the analyst reports. A ship time for the iPhone 17 of 14 days remains extended compared to prior years, which could indicate strong demand or somewhat fewer units built this year, adds the analyst, who reiterates a Buy rating and $270 price target on Apple (AAPL) shares.

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