Apple Inc. Speaking to CNBC on Friday, Woodring said delivery lead times for the Pro models were roughly two to four weeks, depending on the region.
Apple’s Pro and Pro Max production is up about 18% year over year for the second half of the calendar year, he said. He said China has historically been the strongest market for foldable smartphones.
Cramer praised the foldable device’s display and crease-free design after testing it ahead of launch. Cramer also highlighted the iPhone 18’s battery life and camera improvements after visiting an Apple Store in New York.
Woodring said he remains highly optimistic about the Duo and expects Apple could sell nearly every foldable it produces over the next 12 months. However, he noted that Apple shares have already rallied sharply ahead of the iPhone launch and now trade at a ‘relatively rich valuation’.
He also pointed to Apple’s Services business as an important factor. Woodring expects growth to accelerate again.
1% above its 200-day SMA. 50.
5, reflecting a premium valuation. Evercore ISI recently maintained an Outperform rating and raised its price forecast to $380.
