Analyst: demand for new iPhones surpassing expectations

In a note to clients — as noted by AppleInsider — JP Morgan says the increasing lead times suggest demand for the 2019 iPhones is higher than the supply chain anticipated.

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The investment bank adds that with the lead time growth for the iPhone 11, the value-based model seemingly indicating consumers are not focusing their purchases on the higher-end models — the iPhone 11 Pro and iPhone 11 Max — as was previously predicted. The iPhone 11 Pro, iPhone 11 Pro Max, iPhone 11, and Apple Watch Series 5 went on sale at 8 a.m. local time on Friday, September 20 around the world.