According to analyst Samik Chatterjee lead times for Apple’s newest high-end phones are comparable to those for the low-end ($399) iPhone SE.
From a note to clients that landed on my desktop Sunday:
In summary, we see lead times tracking on average at ~13/~24 days for iPhone 12/12 Pro, with lead times for the 12 Pro materially higher than the 12; additionally, the early lead times are quite similar to what we saw with the SE launch and positive demand drivers should lead to expansion of lead times heading into week 2 of ordering based on the precedent set from the SE launch earlier this year.
Maintains Overweight rating and $150 price target.
Cue the charts:
My take: Adding the usual caveat that we can’t compare use delays to measure demand without knowing the supply.