In a note to clients — as noted by AppleInsider — JP Morgan says the increasing lead times suggest demand for the 2019 iPhones is higher than the supply chain anticipated.
The investment bank adds that with the lead time growth for the iPhone 11, the value-based model seemingly indicating consumers are not focusing their purchases on the higher-end models — the iPhone 11 Pro and iPhone 11 Max — as was previously predicted. The iPhone 11 Pro, iPhone 11 Pro Max, iPhone 11, and Apple Watch Series 5 went on sale at 8 a.m. local time on Friday, September 20 around the world.
