JPMorgan says iPhone 17 lead times remain high as robust demand continues

Apple’s iPhone 17 lineup continues to show stronger-than-usual wait times, with JPMorgan saying demand remains ahead of supply as the latest cycle progresses.

In its Week 10 Apple Product Availability Tracker, the bank’s analyst Samik Chatterjee said lead times across the series “remained unchanged, modestly better than a decline of one day observed from Wk9 to Wk10 in the prior year.”

According to JPMorgan, average global lead times for the iPhone 17 family are “tracking to ~7 days, relative to ~2 days in Wk10 of the prior year,” a gap the firm stated highlights that “supply is yet to catch up relative to the very robust demand for the iPhone 17 cycle.”

The Base iPhone continues to stand out, recording the longest waits for the second straight week, according to the bank.

Weekly trends also showed unusual stability compared with the year before. Chatterjee wrote lead times “remained unchanged (relative to Wk9) (vs. a decrease of 1 day for prior year).”

The Base iPhone 17 is said to have held steady as well, whereas the Base iPhone 16 saw a one-day decline at the same point last year.

The bank added that wait times increased by one day for the iPhone Air, compared with a one-day decrease last year for the 16 Plus.

Lead times were steady for the iPhone 17 Pro and iPhone 17 Pro Max, contrasting with the one-day contraction recorded for both the 16 Pro and 16 Pro Max in Week 10 of the prior cycle.