JP Morgan lowers AAPL target to $151 as iPhone 14 Pro lead times increase

Apple continues to struggle with keeping up with high demand for iPhone 14 Pro models. With lead times increasing, investment analyst JP Morgan has lowered its stock price target.iPhone 14 Pro modelsDemand is so far ahead of iPhone production that by November 17, 2022, when Apple published a list of recommended last dates to purchase, the final day to get the iPhone 14 Pro had already passed. Now in a note to investors seen by AppleInsider, customers will not receive an iPhone 14 Pro or iPhone 14 Pro Max in 2022, at least for shoppers ordering one after November 15, 2022. Read more...