Hey there, folks! It’s your friendly tech aficionado, and I’m here to spill the beans on the buzz surrounding Apple’s latest sensation – the iPhone 15. We’ve been hearing some mixed signals about its demand, and it’s time to dive into what the experts are saying about it. Strap in, we’re in for a bumpy tech ride!
Wall Street Skepticism
So, here’s the deal – a Wall Street wizard, David Vogt from UBS, has thrown a curveball at the iPhone 15 parade. He’s not exactly popping the champagne over the reports of iPhone 15 flying off the shelves. Nope, not at all. In fact, his skepticism ruffled some feathers and sent Apple’s stock price on a rollercoaster ride.
Pro vs. Pro: The Showdown
Now, let’s talk about the main event – the Pro models. Apple introduced these bad boys alongside the rest of the iPhone 15 family at a dazzling media event on September 12. Preorders started last Friday, and the official release is just around the corner.
Some analysts initially thought the Pro models were going to rock the charts. They pointed to those pesky longer delivery times for premium versions as a sign of triumph. But hold your horses! David Vogt has a different story to tell.
The Cold Hard Numbers
Mr. Vogt is a realist. He’s keeping his neutrality card close to his chest when it comes to Apple’s stock. His crystal ball predicts a 12-month price target of 190 for the Cupertino giant. On the day he made his prediction, Apple’s stock took a 2% tumble and closed at 175.49. Ouch!
But here’s the twist – Apple’s stock is like that steady ship in a storm. It’s holding its ground at 198.32, as per IBD MarketSmith charts. Still, there’s a catch. Institutional investors are giving Apple the cold shoulder, with a disappointing “E” on the Accumulation/Distribution Rating scale, indicating a fair bit of divestment.
What’s Up with the Pro Models?
Now, let’s circle back to the stars of the show – the Pro and Pro Max models. Vogt’s crystal ball says they’ll make up about 63% of iPhone 15 sales in the second half of 2023, just like their predecessors did in the iPhone 14 series. But, and it’s a big but, these new Pro models aren’t exactly setting the world on fire.
In some major markets, like the U.S., Germany, Great Britain, and France, the delivery wait times for the Pro variant are shorter by about a week compared to last year. But before you start the victory dance, hold on. Demand for the iPhone 15 Pro models in the U.S. varies. Wait times for the Pro variant are 24 days compared to 32 days last year. As for the Pro Max, it’s 40 days compared to 39 days last year. So, it’s a bit of a mixed bag, isn’t it?
The Final Verdict
So, there you have it, folks – a whirlwind tour of the iPhone 15’s uncertain debut. Wall Street is being a tad skeptical, and the Pro models, while still holding their own, aren’t exactly breaking records. But remember, in the tech world, things can change faster than you can say “Siri.” We’ll be keeping our eyes peeled for updates, and you should too! Until then, keep your gadgets charged and your expectations high. Cheers to the ever-evolving world of tech!
