Shortening the initial delivery time does not reflect demand. Morgan Stanley gives Apple an "overweight" rating, stating that the next 10 days will be crucial

Morgan Stanley gives Apple an "overweight" rating with a target price of $273. Analyst Erik Woodring pointed out that current iPhone demand data does not reflect future demand, believing that it is too early to judge the shipment volume for the next 12 months. The delivery time for iPhone 16 has been shortened, but the predictive power of delivery time as a demand indicator is limited, with changes in the next 10 days being more critical. The pre-order sales of the iPhone 16 series during the first weekend were lower than expected, with analyst Ming-Chi Kuo stating that sales decreased by 12.7% year-on-year, mainly due to lower-than-expected demand for the iPhone 16 Pro series