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JP Morgan: Apple Has Caught Up With U.S. iPhone 6 Demand, Neutral Impact To Shares

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Courtesy of Benzinga.

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JP Morgan’s Rod Hall on Monday commented that Apple Inc. (NASDAQ: AAPL) has now caught up with domestic iPhone 6 demand, as consumers will no longer be forced to wait when purchasing an iPhone 6 or iPhone 6 Plus.

According to Hall’s checks at Apple retail outlets in the Southern U.S., only the sim-free iPhone 6 Plus comes with a lead time of just one day. The analyst adds that other than the sim-free device, all configurations are listed as “in stock.”

However, Hall notes that this development has a neutral impact to shares. The analyst notes that this development is consistent with the company’s commentary during its fourth quarter conference call where the company indicated that iPhone supply demand should reach a balance by the end of 2014.

Shares of Apple recently traded at $110.02, down 1.7 percent.

Latest Ratings for AAPL

Date Firm Action From To
Dec 2014 Citigroup Maintains Buy
Dec 2014 JMP Securities Maintains Market Outperform
Dec 2014 Canaccord Genuity Maintains Buy

View More Analyst Ratings for AAPL
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Posted-In: iPhone iPhone 6 iPhone 6 Plus JPMorgan Rod HallAnalyst Color Analyst Ratings

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