AAPL Stock Sets New All-Time High, as iPhone 13 Lineup Wait Times Improve
Apple’s stock price has hit a new all-time high on Wednesday, touching $170.20 USD per share. The company’s market cap now stands at $2.78 trillion USD. Over the past year, the company’s stock has increased 37.8%.
The rise in stock price may be attributed to the latest UBS research note (via Seeking Alpha), which said wait times for Apple’s iPhone 13 lineup has improved in the U.S. and China.
Analyst David Vogt said while delivery times remain “elevated”, Apple’s high-end iPhone 13 Pro models have seen wait times improve by two days to 14 to 16 days, while wait times in Europe has also dropped, along with Japan.
In China, iPhone 13 and iPhone 13 Pro Max wait times are at 18 days, with the most expensive model yet to see wait times drop to last year’s model, suggesting “stronger demand”.
Vogt estimates Apple’s December quarter to sell 80 million units and the 2022 fiscal year at 230 million units overall.
Earlier this week, it was rumoured Apple was set to debut its third-generation iPhone SE in the first quarter of 2022.
Apple.ca is showing delivery times for iPhone 13 Pro 128GB (Sierra Blue) as December 15-22, while iPhone 13 Pro Max in the same configuration is showing the same. 1TB configurations are showing the fastest delivery times of December 10-17.