Apple iPhone Duo Has 82-Day Lead Time: Analyst Names Tech Giant 'Eventual' AI Winner

Strong lead times and demand for the iPhone Duo foldable smartphone from Apple Inc (NASDAQ:AAPL) have one analyst seeing more upside for the stock after it recently hit all-time highs. Bank of America Securities analyst Wamsi Mohan maintains a Buy rating on Apple stock with a price target of $370. Read Also: Apple's iPhone Order Cut Is a Fall Tradition — And So Is the Stock Rebound The Analyst Takeaways Apple’s highly anticipated iPhone Duo foldable smartphone could be changing the stock’s narrative and leading to more upside. Mohan notes the phone’s lead time has now extended into 2027, with the Pro and Pro Max versions also stabilizing after concerns about weaker sales. The analyst tracks a lead time of 50 days for the Duo from U.S. mobile carriers, 102 days for the Duo from Apple’s website and inventory sold out for the launch day globally. "As of Oct. 19, the global average ship time for the iPhone Duo stands at 82 days," Mohan said. Want the Duo on Launch Day? Good Luck The analyst also cited strong capital returns and the new phone models as helping Apple deepen its push into artificial intelligence. Mohan calls Apple the "eventual winner on AI at the edge and optionality from new products/markets." Tracking shows no in-store availability for the Duo on launch day, Oct. 23. This could be positive for initial demand tracking of the foldable smartphone. For the iPhone 18 Pro and Pro Max, lead times have declined by six days and three days, respectively, according to the analyst’s tracking. "The Week 6 data therefore points to continued normalization for the Pro, while Pro Max availability remains comparatively tighter." Apple Stock Price Action The company’s stock price is down 0.2% to $342.89 on Monday versus a 52-week trading range of $243.42 to $348.15. Shares are up 26.5% year-to-date and recently hit new all-time highs. Read Also: EXCLUSIVE: Top 12 Most-Searched Tickers in September on Benzinga Pro – Meta Rises, SpaceX Falls, Dell & Bloom Energy Join List Apple iPhone Duo | Photo courtesy: Apple