JPMorgan: iPhone Duo delivery cycle reaches 94 days, Pro series demand remains resilient.

according to Chaoxiang Research, a JPMorgan Chase research report dated October 25, 2026, indicates that the global average delivery time for the iPhone Duo is 94 days, approximately three months; the iPhone 18 Pro averages 7 days, and the Pro Max averages 21 days, both matching last year's levels; in the China market, Pro delivery takes 1 day, with some configurations delivered within 3 hours; in-store pickup is unavailable for the Duo in four markets: the US, China, Germany, and the UK.

JPMorgan Chase assesses that the extended delivery cycle for the Duo reflects strong demand, with supply bottlenecks being a short-term issue; after the price increase, the Pro series' delivery time has returned to last year's levels, indicating resilient demand. It maintains an Overweight rating on Apple, with a current stock price of $347.73. The Duo's supply bottleneck and the Pro series' demand performance following the price hike will impact Apple's short-term revenue pacing.