Shares of Apple move higher as iPhone orders indicate stronger demand

Core Insights - Initial orders for the latest iPhone appear to be strong, indicating higher demand compared to the previous year [1][2] - Longer wait times for iPhone models serve as a positive signal for Apple investors, suggesting robust demand [2] - The iPhone 17-based model is particularly successful in China, benefiting from government subsidies, leading to a price advantage over the previous model [3][4] Demand Analysis - Wait times for iPhone models in China range from 25 to 30 days, reflecting strong demand [3] - In the US, lead times for each model are slightly higher than last year, indicating increased interest [4] - India is also seeing stronger lead times as more iPhones are being manufactured locally to avoid tariffs [5] Product Launches - Apple is not only launching new iPhones but also received FDA approval for a hypertension alert feature on the Apple Watch, which will be available on older models as well [6] - The new AirPods Pro have been reviewed, with some features noted as buggy [6]