iPhone 17 sales exceeding predictions, resulting in extended delivery periods
In a surprising turn of events, Goldman Sachs analysts have reported significantly higher demand for pre-orders of the iPhone 17 compared to its predecessor. This positive trend is not limited to the US market, as wait times in China for the new model are up to five weeks, a strong sign in a challenging environment.
The institution that evaluated iPhone 17 pre-orders and found this surge in demand is JPMorgan, not Goldman Sachs as one might initially assume. JPMorgan's analyst, Michael Ng, made this observation, adding to the growing excitement surrounding the new device.
Goldman Sachs, however, has not been left out of the iPhone 17 frenzy. The financial giant maintains its "Buy" rating for Apple stock and expects a 8% growth in iPhone revenue for Apple's fourth quarter of 2025. The institution's optimism is further demonstrated by the 12-month price target set for Apple, which stands at $266.
The more expensive Pro and Pro Max versions of iPhone 17 have the longest wait times, indicating that high-end features are driving customer demand for a premium. Globally, the wait time for the iPhone 17 base model and Pro Max increased by an average of eight days, suggesting a broader trend of increased demand for the new model.
Despite this positive outlook, not all financial advisors are on board. DER AKTIONÄR, for instance, does not currently recommend Apple stock. This divergence of opinions underscores the complexity of predicting market trends and the importance of thorough analysis.
It's worth noting that Mr. Bernd Foertsch, the board and majority shareholder of the publisher Boerse-Medien AG, holds direct and indirect positions in the financial instruments mentioned in the publication or related derivatives. This information is crucial for readers to consider when interpreting the analysis presented in this article.
In a historical context, Apple has had its share of disappointments and criticism for lacking innovation. However, the strong demand for the iPhone 17 suggests that the company may be turning a corner, at least in the smartphone market.
As the release of the iPhone 17 approaches, the anticipation continues to build. With Goldman Sachs maintaining a buy recommendation for Apple and setting a high price target, investors and tech enthusiasts alike are eagerly awaiting the latest offering from Apple.
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