U.S. Stock Movement | Apple rises nearly 2% as iPhone 17 pre-order demand is strong
On Tuesday, Apple rose nearly 2%, closing at $240.90. According to pre-order data tracked by Goldman Sachs from Apple.com, the delivery times for all models of the iPhone 17 are longer than those of previous generations globally, with the standard and Pro Max models experiencing the most significant increases, extending delivery times by 8 days. The performance in the mainland China market is particularly notable, with average delivery times increasing by 17 days, resulting in a waiting period of 27 days. Previously, analysts reported that the planned production for the iPhone 17 standard, Pro, and Pro Max models has increased by 25% year-on-year, while the production of the iPhone Air is three times that of the iPhone 16 Plus. Despite the increase in production, the extended delivery times indicate very strong pre-order demand. Goldman Sachs' research report states that the strong pre-order demand signals support the bank's expectation of an 8% growth in iPhone revenue for Apple's fourth fiscal quarter, and since the channel inventory at the end of Apple's third fiscal quarter is at the lower end of the target range, channel replenishment will further drive performance growth
According to Zhitong Finance APP, on Tuesday, Apple (AAPL.US) rose nearly 2%, closing at $240.90. According to pre-order data tracked by Goldman Sachs from Apple.com, the delivery times for all models of the iPhone 17 are longer than those of previous generations globally, with the standard and Pro Max models experiencing the most significant increases, extending delivery times by 8 days. The performance in the mainland China market is particularly notable, with average delivery times increasing by 17 days, resulting in a waiting period of 27 days.
Previously, analysts reported that the planned production of the iPhone 17 standard, Pro, and Pro Max models is expected to increase by 25% year-on-year, while the production of the iPhone Air is three times that of the iPhone 16 Plus. Despite the increase in production, the extended delivery times indicate that pre-order demand is very strong.
Goldman Sachs' research report stated that the strong pre-order demand signals support the bank's expectation of an 8% growth in iPhone revenue for Apple's fourth fiscal quarter. Additionally, as the channel inventory at the end of Apple's third fiscal quarter is at the lower end of the target range, channel replenishment will further drive performance growth
