Apple's (AAPL.US) new machine demand slows down! JPMorgan: The delivery cycle of iPhone 16 starts to shorten

JPMorgan published a report stating that the delivery cycle for Apple's (AAPL.US) iPhone 16 series has started to shorten, but still remains consistent with the iPhone 15 series. Analyst Samik Chatterjee wrote in a report to clients: "In our Apple Product Availability Tracker's 7th week, the delivery cycle for the entire iPhone 16 series shortened compared to last week, with a more pronounced decline for the Pro models. While the 7th week's decline was slightly more than the same week last year, the overall delivery cycle still remains consistent with the iPhone 15, indicating that demand remains resilient, albeit slightly lower than last year." Chatterjee noted that the delivery cycle shortened by 3 days compared to the 6th week of 2023 and 2 days compared to the 7th week. In the US, the delivery cycle for the standard model "slightly" shortened, while the delivery cycle for the Pro model "significantly" shortened (by 1 day and 8-15 days, respectively), and the delivery cycle for the iPhone 16 series in China and Europe markets also showed moderate changes. Currently, Chatterjee maintains an "overweight" rating on Apple. Apple will report its fourth-quarter earnings after the market closes on October 31. Analysts generally expect Apple to earn $1.55 per share and generate revenue of $94.26 billion.