Apple(US:AAPL) Ge Long Hui·2025-10-17 07:17Core Insights - The delivery times for the iPhone 17 series are stabilizing or decreasing week-over-week, indicating an improvement in supply chain conditions [1] - In the U.S. market, the wait time for the iPhone 17 Pro has decreased by approximately 9 days compared to the previous week, reflecting supply improvements [1] - The iPhone 17 Pro Max has a current wait time of about 21 days, down from 24 days for the previous generation, while the iPhone 17 Pro's wait time is around 10 days, significantly shorter than the previous 18 days [1] - The basic model of the iPhone 17 still shows a high wait time of about 18 days, compared to just 1 day for the previous generation, indicating strong demand for entry-level products [1] - UBS maintains a "Neutral" rating on Apple with a target price of $220, based on an average earnings per share forecast of $7.91 for 2026 and 2027 [1] - The stabilization of wait times reflects a normalization of supply but also suggests that initial market demand for the new models is relatively moderate [1]