摩根大通：Apple 产品可用性跟踪器_专业型号交货时间的稳定性表明发展势头和组合正在改善

Investment Rating - The report assigns an "Overweight" rating to Apple (AAPL) with a current price of $227.55 as of October 11, 2024 [1][12]. Core Insights - The stability of lead times for the iPhone 16 Pro models suggests improving demand momentum compared to the initial weeks post-launch, indicating that previous weakness may have been an aberration [1]. - Delivery lead times for iPhone 16 products are now tracking in line with the iPhone 15 series for base and Pro models, while tracking lower for Plus and Pro Max models [1]. - Aggregate lead times have moderated by 1 day relative to Week 4, contrasting with a 5-day moderation for the iPhone 15 series in the same period last year [1]. Summary by Region North America - In the US, lead times for iPhone 16 and 16 Plus are 4 days each, while Pro and Pro Max remain at 21 and 28 days, respectively [1][2]. - Most variants of the iPhone 16 series were available for in-store pickup on October 11, 2024, with Pro Max models unavailable [1]. China - In China, lead times for iPhone 16 and 16 Plus have moderated to 1 day each, while Pro and Pro Max lead times are 20 and 26 days, respectively [1]. - Some variants of iPhone 16, 16 Plus, and 16 Pro were available for pickup on October 11 or 12, while Pro Max models were not available [1]. Europe - In Germany, lead times for iPhone 16 and 16 Plus are 3 days each, while Pro and Pro Max lead times are 22 and 31 days, respectively [2]. - In the UK, lead times for iPhone 16 and 16 Plus are 5 days and 4 days, respectively, with Pro and Pro Max models unavailable for pickup [2].