A lead time measures how long it takes from the moment your order is placed until the time that you receive it. Typically, the longer the lead time, the more demand outweighs the supply. We see this every year with iPhone pre-orders. The models more in demand take longer to arrive as buyers go through the initial supply causing later buyers to have to wait for backorders to be filled.
In the U.S., the lead times for the iPhone 14 Pro Max and iPhone 14 Pro weigh in at 32 days with the former dropping off from a high of 39 days. The iPhone 14 and iPhone 14 Plus both have lead times of two days. Last year at this time, the iPhone 13 and iPhone 13 mini each had lead times of approximately 11 days.
In China, the iPhone 14 Pro and iPhone 14 Pro Max trail the global averages. Lead times in China for the iPhone 14 and iPhone 14 Plus, both at 1 day, also trail the global average lead times and the 12 days for the iPhone 13 and iPhone 13 mini seen at the same stage of release last year.In the U.K. and Germany, the iPhone 14 and iPhone 14 Plus have next-day lead times which is less than the 11-day lead times that the iPhone 13 and iPhone 13 mini had at this stage of their releases in 2021.
AirPods Pro 2 global lead times are now down to 2 days on average compared with 3 days one week ago. As for the Apple Watch Series 8 and Apple Watch Ultra, their global average lead times have declined from 11 days and 25 days last week to 9 days and 24 days respectively. The Apple Watch SE has also had a decline in its global average lead time from 10 days to 9 days.will release its fiscal fourth-quarter earnings report on October 27th.
At its current stock price, Apple is valued at approximately $2.29 trillion. To put that in perspective, Google parent Alphabet has a market capitalization of $1.31 trillion, Microsoft is worth $1.77 trillion, and Amazon is worth $1.16 trillion.