“We’d highlight that while wait times are a rough proxy for initial demand, the metric is only one of many variables impacting iPhone sell-through; supply availability is a key unknown, particularly this year,” the analysts said.
Still, even despite the limited scope of data, the exceptional wait times suggest high demand and would most likely lead to record sales of the iPhone 13. What’s more, the demand might spell great news for Apple’s stocks, which are pretty much tied in with the iPhone’s market performance.
Coming from all this, Credit Suisse still put an ambitious $150 price target for Apple stock, which kicked off at $142 Monday and is still gravitating around that number on Tuesday, though trading was not open at the time of writing.
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