Apple

Sold Out. As expected, it appears iPhone X is sold out at U.S Apple Stores. This weekend we monitored iPhone X availability at U.S, Apple Stores, as well as global lead times. On Saturday afternoon we found a handful of…

Detailed Survey Data. While the lines were longer than we expected, today’s real surprise was the capacity mix, heavily favoring 256GB over 64GB. We surveyed 134 customers, 99 of which (74%) were purchasing a 256GB iPhone X, and 35 of…

Lines for iPhone X more than double what we expected. In keeping with a tradition stretching back to 2008, we counted lines across the country this morning; this time in New York, Chicago, and several stores in Minneapolis. Lines counts…

Apple income statement here. Apple unit estimates here. Conclusion. Tim Cook is giddy, and he should be. This was the first time since Dec-14 that Apple had growth in every product and every geography. Apple’s results for Sep-17 were generally as…

Yesterday, Apple released the much anticipated update to Apple Watch that enables music streaming over Apple Watches with LTE. We tested the impact of streaming music on Apple Watch’s battery and were surprised to find after 6 hours of music…

Special thanks to Austin Bohlig for his work on this note.  Following upbeat Sep-17  quarter results from Apple’s leading vertical-cavity surface-emitting laser (VCESL) supplier this morning, Lumentum (LITE), we believe initial demand for iPhone X is on track to drive 2-3%…

We measured global iPhone X lead times today (the 3rd time in 3 days) and found no changes since Friday morning, quoting 5-6 week delivery times. Based on previous years, we expect little change in lead times over the next…

It’s All About iPhone X. Apple reports Sep-17 results on November 2nd. The focus of the call will be Apple’s commentary about iPhone X preorders which started on Oct 27th, and is set for launch on Nov 3rd. On the…

This morning Apple began taking iPhone X pre-orders at 3am ET. Current lead times are 5-6 weeks, in line with our expectation of 4-6 week lead times by 8am this morning. Long lead times are attributed to production bottlenecks (screen and…

As you know, Apple will begin taking iPhone X pre-orders this Friday, Oct 27 at 3am ET. Here is a helpful how to on pre-ordering your iPhone X. Given well-documented production bottlenecks (screen and TrueDepth camera) we expect lead times…

Following positive Sept-17 results from an Apple supplier, AMS AG, we continue to believe the mix of iPhone X remains favorable and will drive overall iPhone ASPs 15% higher (Street up 8%) in FY18.

Apple reports September results on November 2nd. The focus of the call will be Apple’s commentary about iPhone X preorders which start on Oct 27th (launch is Nov 3rd), and what that will mean for iPhone mix and ASP. The…