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JPMorgan has provided insights into Apple's iPhone 16 sales performance, indicating that delivery lead times for the entire iPhone 16 lineup have moderated, particularly for Pro models. Analyst Samik Chatterjee noted that while demand for the iPhone 16 is comparable to that of the iPhone 15 in 2023, the initial sales for the iPhone 16 series started slower than its predecessor. Despite a modest recovery in sales, it remains insufficient to surpass last year's figures. As a result, JPMorgan anticipates that Apple will exceed expectations for its September quarter results but will guide below consensus for the December quarter. The earnings report is expected after the market closes on Thursday, with expectations that the upcoming iPhone 17 will generate stronger demand than the iPhone 16.
Angelo Zino, CFRA senior equity analyst, previews Apple's earnings which come out after the bell on Thursday. He says the iPhone 17 will be better than the iPhone 16 and he expects demand to grow again https://t.co/sGpYqGsvnt https://t.co/8nghMan4DX
$AAPL: Analyst Samik Chatterjee from JPMorgan predicts Apple will exceed September quarter forecasts but offer weaker December guidance. iPhone 16 sales started slower than iPhone 15, with a modest recovery not enough to surpass last year's sales. Thus, they expect lower iPhone…
JPMorgan on $AAPL (OW; PT $265): 'We expect Apple to deliver better-than-expected results for the September quarter, BUT guide below consensus for the December quarter.' 'iPhone 16 series sell-through started slower than the iPhone 15 and, although momentum has picked up in…