In a recent memo to investors, Samik Chatterjee, chief analyst at JPMorgan Chase, analyzed the delivery times for the iPhone 13 and iPhone 13 Pro in the 15th week of listing. He believes that the delivery time of the iPhone 13 series is increasingly pointing to the series to reach a supply-demand balance.
In all regions, delivery times for the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max have stabilized at an average of 3, 3, 5, and 3 days, respectively. This is essentially the same as the previous week's 2 days, 2 days, 5 days, and 5 days.
In the U.S., which accounts for 35 percent of iPhone shipments, delivery times for the iPhone 13 Pro and iPhone 13 Pro Max eased to 1-2 days. Delivery times for the iPhone 13 mini and iPhone 13 are reduced to zero days.
In China, a key region that accounts for about 15 percent of iPhone shipments, week 15 delivery times are 0, 0, 5, and 1 day, respectively. Consumers in the UK and Germany have seen lead times reduced to 6 days for all models, with one-day in-store pickup in both countries.
The iPhone 13 Pro and iPhone 13 Pro Max still have longer lead times compared to mid-range models, which bodes well for Apple's average selling price (ASP) as it skews towards high-end models.
According to Chatterjee, supply and demand reached a balance, along with a good mix of high-end equipment, showing encouraging signs for the December quarter. He added that Apple could reach optimal inventory levels, which could yield benefits in the March 2022 quarter.
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