Evercore ISI reports that lead times appear to have stabilized at similar levels to last week across the 17 and Pro/Pro Max models, with lead times largely in line with the level seen in last week’s tracker. Lead times for the Air modestly shrunk compared to last week and are largely available for delivery by next week, adds the analyst. Lead times in China remain the most stretched, with delivery ranges starting at 30-plus days for the iPhone 17 and Pro Max models, according to the analyst, who maintains an Outperform rating and $290 price target on Apple (AAPL) shares.
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