Apple iPhone Duo Wait Times Trend Lower But Remain Elevated, UBS Says

MT Newswires Live10-31 01:15

Apple (AAPL) iPhone Duo wait times have decreased by about 7 days week-over-week, though they remain materially elevated at roughly 3 months on average, UBS Securities said in a Thursday note, citing data from its Evidence Lab.

The decline is in line with expectations as Apple works to satisfy global demand from early adopters and premium feature-focused consumers, according to UBS.

While reports of display issues present a downside risk to demand for the Duo model, the firm does not view them as the primary driver of the declining wait times.

Wait time trends for the iPhone Pro are down 3 days week-over-week, and the Pro Max remain unchanged, tracking similarly to last year's models at this point in time, the firm said.

UBS left its iPhone estimates unchanged, projecting September quarter revenue of $56 billion and 55 million units, alongside 2026 revenue of $252.5 billion and 261 million units.

UBS maintained its neutral rating on Apple with a price target of $296.

Price: 347.18, Change: -1.73, Percent Change: -0.50

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