The report says apple’s iphone 13/pro product line is still restricted

According to Spark Global Limited

According to Spark Global Limited, a recent new report from jpmorgan chase said that nine weeks after the launch of Apple’s iPhone 13 series, it is still harder to get than last year’s iPhone 12 series. In the US, the iPhone13 Mini is estimated to take eight days to deliver, compared with 10 days for the iPhone13, according to the report. Customers who want to buy an iPhone 13 Pro or iPhone 13 Pro Max will have to wait nearly a month, up to 26 days.

 

The United States accounts for about 35 percent of global iPhone shipments, according to Samik Chatterjee, chief analyst at jpmorgan. According to the report, “iPhone 13 lead times are estimated to be stable at 11 days, iPhone 13 Pro and iPhone 13 Pro Max at 28 days. The lead time for iPhone 13 Mini has been reduced from 11 days to 10 days.”

Samik Chatterjee said China, Germany and the U.K. are also seeing moderation across the new iPhone lineup. He wrote,

“While lead times moderated as supply improved, remaining stable in the US region — indicating solid demand trends and remaining strongest regionally in China — suggesting demand was much higher than expected, boding well for a weaker sales cycle relative to investor expectations for the iPhone 12 series, Global interest/demand for the iPhone 13 series is generally positive.”

It’s worth noting that while Apple is the company best prepared to deal with the semiconductor chip shortage, that shortage is also affecting Apple’s ability to deliver iphones faster.

In October, for example, Apple reported earnings for its fiscal fourth quarter of 2021. While iPhone revenue rose 47 per cent year on year, Apple missed analysts’ overall expectations of more than $84.85bn in revenue, reporting $64.7bn in revenue.

Apple CEO Tim Cook was quoted as saying

“This year we launched our most powerful products ever, from macs with M1 to the iPhone 13 series, which are setting new standards for performance and empowering our customers to create and connect in new ways. We are infusing values into everything we make — moving closer to our 2030 goal of being carbon neutral up and down our supply chain and throughout the life cycle of our products, and constantly advancing our mission to build a fairer future.”

Not only that, but a paid report from Digitimes suggests that supply of the iPhone 13 series will continue to be constrained this quarter and next. However, there are glimmers of relief in supply.

“According to supply chain sources, the IC component shortage that hit the iPhone 13 series in early October is gradually easing as suppliers ramp up production, and assemblers are expected to ramp up production to meet end demand by February.”

In other words, supply of the iPhone 13 series isn’t expected to catch up with demand until February 2022.