{"id":70954,"date":"2023-10-10T10:07:29","date_gmt":"2023-10-10T14:07:29","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/apple-iphone-15-pro-demand-may-be-fading-j-p-morgan\/"},"modified":"2023-10-10T10:07:33","modified_gmt":"2023-10-10T14:07:33","slug":"apple-iphone-15-pro-demand-may-be-fading-j-p-morgan","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=70954","title":{"rendered":"Apple iPhone 15 Pro Demand May Be Fading: J.P. Morgan"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000764408\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<p>        <!-- eventually when we know what this card will be we can change it and leave this one --><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.66666666666666%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p>\n        J.P. Morgan<br \/>\n       is becoming less optimistic about demand for high-end models of the iPhone 15.<\/p>\n<p>On Sunday, analyst Samik Chatterjee wrote that the lead time for the<br \/>\n        Apple<br \/>\n       (ticker: AAPL) iPhone 15 Pro and 15 Pro Max is falling rapidly, suggesting overall demand may not be as strong as for the prior year\u2019s iPhone models.<\/p>\n<div class=\"paywall\">\n<p>There is greater likelihood the \u201cmix of sales within iPhone 15 Series is tracking weaker than prior launches, with a higher proportion of volumes being allocated to the low-end models,\u201d he wrote, saying that adds to \u201cdemand concerns.\u201d<\/p>\n<p>In midday trading Monday, Apple shares were up marginally at $177.61, recovering from an early loss.<\/p>\n<p>Lead times\u2014the amount of time it takes for consumers to get the phone they want\u2014are seen as an indication of demand. The stronger the demand for high-end, expensive phones, the better for investors, given that those devices off higher profit margins. <\/p>\n<p>Data for the fourth week after the phones were launched, tracking delivery and pickup information around the world, showed lead times for high-end iPhone 15 models dropped to 32 days from 37 the prior week, Chatterjee wrote. The comparable period for high-end iPhone 14 models was 36 days. <\/p>\n<p>Lead times for low-end iPhone 15 models fell to 15 days from 17 days the prior week.<\/p>\n<p>The iPhone 15 and 15 Plus start at $799 and $899, respectively, and include the A16 Bionic chip from last year\u2019s Pro models, along with a slightly better camera. The iPhone 15 Pro and 15 Pro Max start at $999 and $1,199 and come with the new A17 Pro processor, an Action button that replaces the Mute switch, and titanium casing.<\/p>\n<p>\u201cThe decline in lead times over the past week, following a steep decline in the week prior, is reinforcing the likelihood of elevated lead times for the high-end iPhone 15 models immediately following the launch having been driven by early order momentum and\/or supply availability,\u201d he wrote.<\/p>\n<p>Chatterjee has an Overweight rating on Apple shares and $230 price target. He didn\u2019t change his rating or forecast. Apple stock is up 36% this year, outstripping the<br \/>\n        Nasdaq Composite<span>\u2019s<\/span><br \/>\n       28% gain.<\/p>\n<p>Write to Tae Kim at tae.kim@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/apple-iphone-15-pro-demand-2e8dc6db?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>J.P. Morgan is becoming less optimistic about demand for high-end models of the iPhone 15. On Sunday, analyst Samik Chatterjee wrote that the lead time for the Apple (ticker: AAPL) iPhone 15 Pro and 15 Pro Max is falling rapidly, suggesting overall demand may not be as strong as for the prior year\u2019s iPhone models. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":70955,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-70954","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple iPhone 15 Pro Demand May Be Fading: J.P. Morgan | iFintechWorld<\/title>\n<meta name=\"description\" content=\"J.P. Morgan is becoming less optimistic about demand for high-end models of the iPhone 15. 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