Apple has set up logistics-UBS
2022.12.06 12:16
Apple has set up logistics-UBS
Budrigannews.com – In a note to clients that was sent out on Tuesday, analysts at UBS stated that Apple’s (NASDAQ:) The decrease in wait times indicates that the supply chain headwind is decreasing.
Analysts with a Buy rating and a $180 price target on Apple shares explained, “Utilizing UBS Evidence Lab data (>Access Dataset) that tracks iPhone availability across 30 countries, wait times improved relative to both last week and two weeks ago indicating supply chain disruptions are easing on the margin.”
They added that wait times for the 14 Pro and 14 Pro Max have decreased to 25 days in the United States from 38 days two weeks ago, while wait times have decreased slightly in China from two weeks ago.
Protests against Covid-related restrictions at Chinese manufacturing facilities have had a significant impact on Apple’s iPhone supply chain.
The analysts went on to say, “Wait times for both the 14 Pro and 14 Pro Max in China are approximately 36 days, down from 39 days last week and two weeks ago.”
Customers may be able to receive a new iPhone 14 Pro or Pro Max in time for Christmas if the rate of improvement in the United States continues. Even though the trend is a welcome break, we think the market will look at the December and March quarters as a whole in comparison to last year to figure out underlying demand.
We believe that iPhone demand has been relatively stable despite recent disruptions, and that only a small number of customers are willing to leave the Apple ecosystem. As a result, our forecast for 144 million iPhones in December and March is the same as last year,” the analysts said.
