Apple likely seeing 'healthy' iPhone 18 Pro demand, JPMorgan says

[Holding an iPhone 18 Pro] Based on the fact there has only been a “limited” moderation in lead times, Apple (AAPL [https://seekingalpha.com/symbol/AAPL]) is likely seeing “healthy” demand for the iPhone 18 Pro, J.P. Morgan said. “In Week 3 of our Apple Product Availability Tracker, lead times moderated only marginally from the sharp expansion recorded in Week 2, with the iPhone 18 Pro flat w/w at 23 days and the iPhone 18 Pro Max down 1 day w/w to 29 days; a smaller moderation than observed in the 17 Pro cycle from Week 2 to Week 3 last year,” analyst Samik Chatterjee wrote in a note to clients.