Apple iPhone wait times seen hitting 'high-end' of extreme levels, UBS says (NASDAQ:AAPL) - Seeking Alpha

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Wait times for Apple's (NASDAQ:AAPL) iPhone 14 lineup person continued to determination higher successful the aftermath of proviso issues retired of China and and continued beardown demand, concern steadfast UBS said connected Wednesday.

Analyst David Vogt, who has a bargain standing connected Apple (AAPL), noted that UBS's Evidence Lab, which tracks iPhone availability crossed 30 countries, has continued to emergence and is present astatine an "extreme level," including 34 days successful the U.S. for the iPhone 14 Pro and iPhone 14 Pro Max.

In China, hold clip astatine the high-end is astatine 36 days, up 10 days from past week.

"While our precocious lowered 83 cardinal Dec 4th iPhone portion estimation should bespeak the caller disruptions, if the information does not amended implicit the adjacent respective weeks, we judge determination is downside hazard to iPhones contempt the other week successful the quarter," Vogt wrote successful a enactment to clients.

The expert added that December sees betwixt 35% and 40% of each iPhone units successful the quarter, raising the hazard if proviso is constrained successful the month.

Apple (AAPL) shares saw fractional losses successful premarket trading connected Wednesday.

On Tuesday, it was reported that Apple (AAPL) CEO Tim Cook said the institution would root immoderate of its chips from Arizona arsenic the institution looks to diversify its proviso chain.