小摩：苹果iPhone 17系列交货前置时间明显缩短，供需状况正趋于稳定

格隆汇2025-12-24

摩根大通指出，根据其最新的通路调查，随着供应逐步追上需求，苹果iPhone 17系列的交货前置时间已明显缩短，显示本轮产品周期的供需状况正趋于稳定。该行分析师Samik Chatterjee表示，iPhone 17全系列的交货前置时间较前一阶段缩短约三天，目前平均约为三天，已回落至去年iPhone 16同一时点的水平。入门款iPhone作为本轮产品周期的主要出货动能来源，其交货前置时间已降至个位数...

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