Apple iPhone 17 Pro, Pro Max Ship Times Stay Stable Globally: Analyst

Core Insights - Apple is experiencing strong demand for its iPhone 17 Pro and Pro Max models, with stable global lead times and significant interest in the iPhone Air [1][4][6] - Bank of America Securities analyst Wamsi Mohan maintains a Buy rating on Apple with a price target of $270, indicating confidence in the company's growth potential [2][4] - The iPhone 17 Pro and Pro Max have longer lead times compared to previous years, suggesting robust demand or slightly lower production levels [4][6] iPhone 17 Shipments - Global average ship times for the iPhone 17 Pro are 13 days, while the Pro Max averages 20 days as of October 13 [3][4] - In the U.S., Pro models are being delivered in an average of six days, and Pro Max models in 13 days, which is faster than Apple's estimated 2–3 weeks [3][4] - In China, Pro Max lead times have extended to 3–4 weeks, while Pro models have improved to 1–2 weeks, indicating regional demand variations [5][6] iPhone Air Availability - The iPhone Air is widely available with a global average shipping time of just one day, with nearly all configurations in stock for immediate purchase [5][6] - The launch of the iPhone Air in China is set for October 17, with in-store availability starting on October 22, expected to generate healthy local demand [5][6] Financial Projections - Analyst Mohan projects Apple's fiscal 2025 sales to reach $416.04 billion, reflecting optimism about the company's future performance [6]