15 September 2025 | 4:37PM EDT Apple Inc. (AAPL): Extended iPhone 17 lead times v. iPhone 16 BOTTOM LINE: Strong iPhone 17 demand signals from pre-order trends. Against a backdrop of reported higher production volumes, we view extended iPhone 17 series lead times (v. iPhone 16 series) as positive indicators of demand & supportive of our outlook for +8% iPhone revenue growth in F4Q25, which should also benefit from some channel fill as AAPL ended F3Q25 at the low end of its channel inventory target range. We ...

of Apple are moving higher this morning. Initial orders for the latest iPhone perhaps looking strong. Let's go over to Steve Kovac.Steve, are they strong. >> Yeah, they seem strong or at least stronger than they were a year ago. Uh David, so you might be annoyed if you ordered a new iPhone and there's a long wait time there.But that's actually good news for Apple investors because the longer the wait times are, that's the best signal that demand is actually stronger. So, a bunch of analysts came out with no ...