Apple’s iPhone 13 Professional remains to be the preferred mannequin within the sequence. Earlier than its launch, many have been considering its supply cycle should be longer as a result of provide chain points. This could possibly be a severe cause affecting its gross sales.
The lead time is the time it takes for patrons to obtain the order.
JP Morgan Chase analyst Samik Chatterjee analyzed the supply cycle information for the fifth week of the iPhone 13 /Professional sequence in a report back to traders. The lead time for the iPhone 13 sequence in 2021 might be longer than earlier than.
In response to the report, in america, China, the UK, and Germany, the supply time of iPhone 13 Professional and iPhone 13 Professional Max was barely prolonged to 36 days within the fifth week, up from 35 days within the fourth week.
The iPhone 13 mini and iPhone supply cycle 13 is definitely barely shorter. These two fashions have a lead time of 13 days.
The iPhone 13/Professional sequence accounted for 35% of complete gross sales in america. Additionally, the lead occasions of iPhone 13 mini, iPhone 13, iPhone 13 Professional, and iPhone 13 Professional Max slowed barely to 11, 12, 33, and 33 days, respectively.
The Chinese language lead time is longer. The estimated supply interval of iPhone 13 mini, iPhone13 Professional, and iPhone13 Professional Max reached 19 days, 44 days, and 44 days. On the similar time, the iPhone 13 fundamental mannequin has a supply cycle maintained at 19 days.
Lengthy Lead Time Doesn’t Have an effect on iPhone 13 Professional Gross sales
Chatterjee mentioned that in contrast with the iPhone 12 sequence launched by Apple in 2020, the general supply cycle of the iPhone 13/Professional sequence remains to be being prolonged. When it comes to causes, the provision scarcity has the most important impression. Nevertheless, we must also think about that the iPhone 13 sequence faces a excessive demand. So it’s unfair to place every thing on the parts scarcity.
Additionally Learn: Apple Customers Largely Unimpressed With The iPhone 13 Sequence – Survey
When requested whether or not the prolonged supply cycle will immediate potential iPhone patrons to decide on non-Professional sequence fashions, Chatterjee mentioned, it was “unlikely primarily based on very particular desire proven for the 13 Professional and 13 Professional Max.”
“Moreover, we see the additional extension of lead occasions on higher-end fashions as additional proof of the stickiness of shopper desire for higher-end fashions, regardless of already on common a distinction of 23 days relative to lower-end fashions,” Chatterjee writes.
In response to JPMorgan Chase’s 2023 revenue forecast of US$6.55, Chatterjee maintained Apple’s goal worth at US$180 and a P/E ratio of 28 occasions.