According to UBS data, wait times for Apple's (AAPL.US) iPhone 18 series models continued to shorten over the past week, with Pro models now close to being available for immediate delivery.
UBS data tracking iPhone availability across more than 30 markets shows that the average wait time for the iPhone 18 Pro fell by two days week-over-week, approaching zero, while wait times for the Pro Max and iPhone Duo each dropped by seven days.
However, UBS noted that the iPhone 18 Duo remains in a state of supply shortage, with delivery times pushed out to the end of January.
The average wait time for the Pro Max is about seven days, compared with eight days for the iPhone 17 Pro Max and one day for the iPhone 16 Pro Max. The near-zero wait for Pro models is similar to the situation with its predecessor products.
UBS said these availability trends are largely consistent with last year's overall pattern and are not enough to prompt a revision to its iPhone sales forecasts.
The firm expects wait times for Pro models to remain near zero, while wait times for the Pro Max and Duo should continue to decline.
UBS analysts said, "In our view, a rise in wait times for older models, or a significant change in Duo data next week, could signal a shift in consumer behavior."
The firm maintained its forecast for the December quarter, expecting iPhone revenue of $95.1 billion, up 11.5% year-over-year, with shipments of 87 million units, down 3.3% year-over-year.
For fiscal 2027, UBS expects iPhone revenue of $281.4 billion, up 10.7% year-over-year, with shipments of 262.5 million units, up slightly 0.6% year-over-year.
UBS maintained its $340 price target on Apple stock, valuing it at approximately 31 times its estimated 2028 earnings.
Comments