苹果公司：iPhone 17 交付周期较 iPhone 16 进一步延长

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 ...