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Apple Stock Drops. iPhone Demand Could Take It to a Record High

Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs.Shares of the iPhone maker were down 0.7% to $234.95 in premarket trading Tuesday. It closed up 0.6% on Monday, reflecting a market capitalization of just under $3.6 trillion.JPMorgan analysts led by Samik Chatterjee said they see demand improvement for the iPhone 16. iPhone average lead times -- a key industry metric measuring the time from when an order is received to when the phone is delivered to the customer -- is now in line with the iPhone 15, Chatterjee wrote in a research note Sunday.While average lead times for the iPhone 16 series have been tracking below the iPhone 15 until the fifth week fter the launch, the lead times are back to tracking in line with iPhone 15 in week 6, providing more reassurance around recovery in demand momentum, Chatterjee said.

Apple Stock Drops. iPhone Demand Could Take It to a Record High

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It closed up 0.6% on Monday, reflecting a market capitalization of just under $3.6 trillion.JPMorgan analysts led by Samik Chatterjee said they see demand improvement for the iPhone 16. iPhone average lead times -- a key industry metric measuring the time from when an order is received to when the phone is delivered to the customer -- is now in line with the iPhone 15, Chatterjee wrote in a research note Sunday.While average lead times for the iPhone 16 series have been tracking below the iPhone 15 until the fifth week fter the launch, the lead times are back to tracking in line with iPhone 15 in week 6, providing more reassurance around recovery in demand momentum, Chatterjee said.","content":"<html><head></head><body><p>Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs.</p><p>Shares of the iPhone maker were down 1.1% to $233.83 in premarket trading Tuesday. It closed up 0.6% on Monday, reflecting a market capitalization of just under $3.6 trillion.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a39dc8307bd1c825e8145d1338a515a\" tg-width=\"539\" tg-height=\"166\"/></p><p>JPMorgan analysts led by Samik Chatterjee said they see demand improvement for the iPhone 16. iPhone average lead times -- a key industry metric measuring the time from when an order is received to when the phone is delivered to the customer -- is now in line with the iPhone 15, Chatterjee wrote in a research note Sunday.</p><p>Apple launched the newest version of the iPhone, its best-selling product, on Sept. 9 but concerns about weaker-than-expected demand for the device have lingered. The iPhone 16 left investors waiting more, especially in terms of artificial intelligence features. Apple said the rollout of Apple Intelligence -- its AI software for its products -- in languages other than English will take several months.</p><p>While average lead times for the iPhone 16 series have been tracking below the iPhone 15 until the fifth week fter the launch, the lead times are back to tracking in line with iPhone 15 in week 6, providing more reassurance around recovery in demand momentum, Chatterjee said.</p><p>Citi analysts said its industry checks suggest about 89 million units of the iPhone 16 will be produced in the second half of the year, falling to about 63 million units in the first half of 2025, still above the 59 million iPhone 15 units produced in the first half of 2024.</p><p>Chatterjee rates Apple stock an Overweight with a price target of $265, implying a 12% potential upside to its current share price.</p><p>Apple&#39;s market value hit a record high on July 16 of just over $3.6 trillion. Shares would have to hit $236.83 -- a 0.148% increase from Monday&#39;s closing price -- to beat that record, according to Dow Jones Market Data.</p><p>Apple stock is up 23% so far this year, in line with the benchmark S&amp;P 500 index.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple Stock Drops. iPhone Demand Could Take It to a Record High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple Stock Drops. iPhone Demand Could Take It to a Record High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-22 20:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs.</p><p>Shares of the iPhone maker were down 1.1% to $233.83 in premarket trading Tuesday. It closed up 0.6% on Monday, reflecting a market capitalization of just under $3.6 trillion.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/4a39dc8307bd1c825e8145d1338a515a\" tg-width=\"539\" tg-height=\"166\"/></p><p>JPMorgan analysts led by Samik Chatterjee said they see demand improvement for the iPhone 16. iPhone average lead times -- a key industry metric measuring the time from when an order is received to when the phone is delivered to the customer -- is now in line with the iPhone 15, Chatterjee wrote in a research note Sunday.</p><p>Apple launched the newest version of the iPhone, its best-selling product, on Sept. 9 but concerns about weaker-than-expected demand for the device have lingered. The iPhone 16 left investors waiting more, especially in terms of artificial intelligence features. Apple said the rollout of Apple Intelligence -- its AI software for its products -- in languages other than English will take several months.</p><p>While average lead times for the iPhone 16 series have been tracking below the iPhone 15 until the fifth week fter the launch, the lead times are back to tracking in line with iPhone 15 in week 6, providing more reassurance around recovery in demand momentum, Chatterjee said.</p><p>Citi analysts said its industry checks suggest about 89 million units of the iPhone 16 will be produced in the second half of the year, falling to about 63 million units in the first half of 2025, still above the 59 million iPhone 15 units produced in the first half of 2024.</p><p>Chatterjee rates Apple stock an Overweight with a price target of $265, implying a 12% potential upside to its current share price.</p><p>Apple&#39;s market value hit a record high on July 16 of just over $3.6 trillion. Shares would have to hit $236.83 -- a 0.148% increase from Monday&#39;s closing price -- to beat that record, according to Dow Jones Market Data.</p><p>Apple stock is up 23% so far this year, in line with the benchmark S&amp;P 500 index.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IE00B19Z9505.USD":"美盛-美国大盘成长股A Acc","IE00BN8TJ469.HKD":"FTGF CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A\" (HKD) INC","BK4532":"文艺复兴科技持仓","GB00BDT5M118.USD":"天利环球扩展Alpha基金A Acc","BK4592":"伊斯兰概念","BK4515":"5G概念","HK0000306685.HKD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (HKD) INC","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","BK4571":"数字音乐概念","IE00BJJMRY28.SGD":"Janus Henderson Balanced A Inc SGD","BK4534":"瑞士信贷持仓","BK4585":"ETF&股票定投概念","IE00BBT3K403.USD":"LEGG MASON CLEARBRIDGE TACTICAL DIVIDEND INCOME \"A(USD) ACC","BK4507":"流媒体概念","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","HK0000306701.USD":"TAIKANG KAITAI CHINA NEW OPPORTUNITIES FUND \"A\" (USD) INC","IE00B775H168.HKD":"JANUS HENDERSON BALANCED \"A5M\" (HKD) INC","BK4575":"芯片概念","BK4566":"资本集团","IE00B4YYXB79.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) ACC","IE00B5949003.HKD":"JANUS HENDERSON GLOBAL TECHNOLOGY AND INNOVATION \"A\" (HKD) ACC","IE0005OL40V9.USD":"JANUS HENDERSON BALANCED \"A6M\" (USD) INC","IE0004445015.USD":"JANUS HENDERSON BALANCED \"A2\" (USD) ACC","IE000W1ABFV2.USD":"PIMCO BALANCED INCOME AND GROWTH \"R\" (USD) INC","IE0009G5SDU7.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) INC","BK4501":"段永平概念","BK4527":"明星科技股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IE00B19Z8X17.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH  \"AG\" (USD) ACC","BK4579":"人工智能","IE0004445239.USD":"JANUS HENDERSON US FORTY \"A2\" (USD) ACC","IE000ITXATA3.USD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (USD) ACC","BK4550":"红杉资本持仓","IE00B1BXHZ80.USD":"Legg Mason ClearBridge - US Appreciation A Acc USD","IE000YTNTUN2.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG)INC","IE000KEQY171.SGD":"PIMCO BALANCED INCOME AND GROWTH \"M\" (SGDHDG) INC","IE0034235303.USD":"PINEBRIDGE US RESEARCH ENHANCED CORE EQUITY \"A\" (USD) ACC","IE00BKVL7J92.USD":"Legg Mason ClearBridge - US Equity Sustainability Leaders A Acc USD","IE00B19Z8W00.USD":"FTGF CLEARBRIDGE US LARGE CAP GROWTH \"A\" INC","IE00B3SWFQ91.USD":"PIMCO BALANCED INCOME AND GROWTH \"E\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","BK4512":"苹果概念","IE00BLSP4452.SGD":"Legg Mason ClearBridge - Tactical Dividend Income A Mdis SGD-H Plus","AAPL":"苹果","IE00BFSS7M15.SGD":"Janus Henderson Balanced A Acc SGD-H","IE00B775SV38.USD":"NEUBERGER BERMAN US MULTICAP OPPORTUNITIES \"A\" (USD) ACC","IE00B3S45H60.SGD":"Neuberger Berman US Multicap Opportunities A Acc SGD-H","BK4170":"电脑硬件、储存设备及电脑周边","IE00BN29S564.USD":"JANUS HENDERSON BALANCED \"A3\" (USD) INC","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC"},"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2477338785","content_text":"Apple stock was slipping in premarket trading Tuesday, but improving demand for its latest iPhone 16 may get it back to new highs.Shares of the iPhone maker were down 1.1% to $233.83 in premarket trading Tuesday. It closed up 0.6% on Monday, reflecting a market capitalization of just under $3.6 trillion.JPMorgan analysts led by Samik Chatterjee said they see demand improvement for the iPhone 16. iPhone average lead times -- a key industry metric measuring the time from when an order is received to when the phone is delivered to the customer -- is now in line with the iPhone 15, Chatterjee wrote in a research note Sunday.Apple launched the newest version of the iPhone, its best-selling product, on Sept. 9 but concerns about weaker-than-expected demand for the device have lingered. The iPhone 16 left investors waiting more, especially in terms of artificial intelligence features. Apple said the rollout of Apple Intelligence -- its AI software for its products -- in languages other than English will take several months.While average lead times for the iPhone 16 series have been tracking below the iPhone 15 until the fifth week fter the launch, the lead times are back to tracking in line with iPhone 15 in week 6, providing more reassurance around recovery in demand momentum, Chatterjee said.Citi analysts said its industry checks suggest about 89 million units of the iPhone 16 will be produced in the second half of the year, falling to about 63 million units in the first half of 2025, still above the 59 million iPhone 15 units produced in the first half of 2024.Chatterjee rates Apple stock an Overweight with a price target of $265, implying a 12% potential upside to its current share price.Apple's market value hit a record high on July 16 of just over $3.6 trillion. Shares would have to hit $236.83 -- a 0.148% increase from Monday's closing price -- to beat that record, according to Dow Jones Market Data.Apple stock is up 23% so far this year, in line with the benchmark S&P 500 index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":128,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}