<ul><li>Morgan Stanley analysts report that the lead times for Apple's iPhone 16 Pro and Pro Max models are stabilizing and even extending.</li><li>As of September 27th, the lead times for iPhone 16 Pro/Pro Max remain relatively short but show a positive trend.</li><li>This suggests that the demand for iPhone 16 Pro/Pro Max is more similar to successful iPhone 12 and 13 cycles rather than weaker iPhone 14 and 15 models.</li><li>International lead times for iPhone 16 Pro/Pro Max have also extended by approximately 2 days, on average.</li></ul>

Apple’s iPhone 16 shipping times are stabilizing and even extending – Morgan Stanley

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