An encouraging sign that demand for the iPhone SE is on the rise is the extended lead times for the 2022 model

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There are already longer lead times for Apple’s new 2022 iPhone SE model, which suggests that the new smartphone will be in high demand.

JP Morgan analyst Samik Chatterjee examines lead times — or estimated delivery dates — for Apple’s new iPhone SE across multiple regions in a note to investors seen by AppleInsider.

In every region that JP Morgan monitors, the lead times have grown significantly longer. By the 18th of March, the analyst’s estimates put the average delivery time at around eight days.

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Delivery times in the United States are currently the longest, ranging from March 18 (the availability date) all the way to March 29 (the estimated delivery date). In other words, the longest lead times in the world now stand at around 12 days. The United States accounts for about 35 percent of all iPhone sales.

Lead times in China are usually between six and eight days. Chatterjee points out that the lead times for the iPhone SE are shorter than they were for the previous release in 2020. Approximately 20% of all iPhones are shipped from China.

It takes about five to six days to get a product from Europe to the United Kingdom or Germany. Analysts say this is only a “modest lead time extension” in comparison to other geographical areas.

“To summarise, lead times have increased over the last week, and while this is encouraging for demand, we will wait for more data points to draw conclusions given the ongoing shifts in supply and logistics in the background,” writes Chatterjee.

He has maintained his 12-month Apple price target of $210, based on profit to earnings multiples of 30x and a forecast of $6.90 in annual revenue.

Read more: The Samsung budget 5G phones have just been announced; here’s how they compare with the iPhone SE 3

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