The supply of the Apple iPhone 13 series seems to be improving as the production is finally balancing out with demand. With the expected delivery times also shortening, prospective buyers are also seeking out higher end iPhone 13 models.
The news arrives from known investment bank JP Morgan (Via AppleInsider). Samik Chatterjee, the lead analyst from JP Morgan, stated that the lead times for the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max stabilized in the fifteenth week. As of right now, the delivery times have averaged out to 3, 3, 5, and 3 days respectively for the models mentioned above. Notably, this is nearly the same as the 2, 2, 5, and 5 days delivery time from the previous week.
Talking about the US market, which is also the largest market for iPhones, lead times for the higher end iPhone 13 Pro and iPhone 13 Pro Max stabilized around one to two days. On the other hand, iPhone 13 mini and iPhone 13 dropped to 0 days. Meanwhile in China, another key region for the Cupertino based giant, Apple iPhone 13 lead times settled to 0, 0, 5, and 1 day in the fifteenth week. These are clear indications that Apple’s supply chain is catching up with the demand.
While the overall lead times for the entire lineup have improved, the premium variants still have a slightly higher delivery time. Chatterjee further added that the supply balancing with demand is a positive from Apple for the fourth and final quarter of this year. Furthermore, the optimal inventory levels would likely be reached by the brand in the first quarter of next year.
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