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Despite concerns about its presence in China, Apple’s (NASDAQ:AAPL) iPhone 15 is performing about as expected or even slightly better-than-expected in the U.S., investment firm KeyBanc Capital Markets said on Thursday.
“Our carrier checks indicate sell-through for the iPhone 15 decreased [month-over-month] in January, while tracking in line with to slightly better than store expectations and consistent with normal seasonal trends, partially offset by pent-up demand for iPhone Pro/Max SKUs, the firm’s analysts wrote after assessing a carrier survey and KeyBanc First Look data, which analyzes spending data from more than 1.8M unique KeyBank credit cards.
“Demand for the Pro series remained relatively resilient, while sell-through for the base lineups saw a seasonal decline.”
Supply of the iPhone 15 line is normal, while a few stores surveyed had “very lean” inventory levels of the iPhone 15 Pro Max, the analysts said.
Overall, inventory levels at U.S. carriers have increased slightly but they are below the levels seen last year with the iPhone 14 and below roughly two days of inventory, the firm added.
Apple shares fell 0.5% in premarket trading on Thursday.
The look at January iPhone data comes amid rampant speculation about the next version of iOS and iPhone, likely to be announced in June and September, respectively. Several media reports have suggested that the next iOS could incorporate generative artificial intelligence features in a significant way while the next iPhone is likely to have a large number of AI computing cores as part of its processors.
Image and article originally from seekingalpha.com. Read the original article here.