Improving lead times for the shipment of Apple’s flagship iPhone 13 lineup suggest a ramp-up of supplies heading into the holiday shopping season, according to JP Morgan analysts.
The estimated delivery dates for Apple’s iPhone 13 lineup have decreased
In a note to investors, JP Morgan analyst Samik Chatterjee writes that lead times for all iPhone 13 and iPhone 13 Pro models decreased for the second week in a row. This marks the third time this has happened.
Although lead times are still higher than Apple’s iPhone 12 lineup compared to this time after last year’s launch, the difference is “significantly less” than in past weeks. In some areas, lead times for the iPhone 13 lineup are similar to its predecessor, Chatterjee added.
Though lead times are not the best measure of demand, they do tell us about supply and demand balance. However, the analyst notes that the decrease in lead times could suggest a ramp-up in supply as consumers head into the upcoming holiday season.
Across all regions, JP Morgan tracked, lead times for iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max decreased to 5, 5, 23, and 23 days. That is down from 8, 10, 26, and 26 days the week prior. “Interestingly, compared to iPhone 12 Series, lead times are now only slightly ahead across all the models,” Chatterjee writes.
In the United States, which is responsible for an estimated 35% of all iPhone shipments, delivery dates for the iPhone 13 mini and iPhone 13 fell to 7 and 8 days, down from 10 and 11 days. Whereas the Pro models in the lineup show estimated delivery dates of 21 days, down from 28 days.
In related news, it was recently reported that Apple has prioritized the production of iPhone 13 models over iPads to combat growing supply constraints. Nikkie Asia reports that the tech giant has reduced iPad production by 50% than planned shipments in the September-October period to use more components in the production of iPhone 13. In addition, parts for older iPhone models are also being allocated to iPhone 13.