During the âSpring Loadedâ event in April, Apple Inc. (NASDAQ: AAPL) unveiled new hardware, including new iPad Pros and a new iMac.
Application for Mac, iPad through the roof: Demand for the Mac and iPad over the past 12 months has been strong thanks to trends in remote work and learning, said Gene Munster, managing partner of Loup Ventures and renowned Apple analyst, in a note .
Loup Ventures’ spot check of Apple’s delivery times for these products suggests that demand still exceeds supply as the June quarter comes out, the tech venture capitalist said. Estimated delivery dates for some iPad and Mac models are over a month away, he added.
The highest turnaround time is for the iPad, 22 to 32 business days, while for the 24-inch iMac model, it is 18 to 23 days, Munster said.
“During periods of supply-demand balance, lead times are generally less than two working days.”
Apple saw strong growth of 70% for the Mac and 79% for the iPad during the March quarter. Things could get even better for Apple, according to Munster.
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Munster on the dynamics of Apple’s supply and demand: Supply constraints will likely take a few more months to smooth out, according to Loup Ventures.
This will likely moderate Mac and iPad results modestly in the September quarter, Munster said.
The high demand will last longer, thanks to the tailwind of working and learning from anywhere, as well as the ongoing transition of the Mac line to M1 chips, he said.
The 16-inch MacBook Pro, 27-inch iMac, and Mac Pro – which account for around 30 percent of Mac revenue – are expected to transition to M1 chips over the next 12 to 18 months, the analyst noted.
Wolf Ventures estimates that Mac and iPad revenue could grow 8%, 7%, 6%, and 4%, respectively, in fiscal years 2022, 2023, 2024, and 2025, as opposed to the steady performance seen over the five years. preceding the pandemic.
âNet net, we consider the positive tailwind of demand to be much stronger and more lasting than any headwind of supply,â Munster said.
AAPL price action: Apple shares were trading up 0.65% to $ 137.22 in the last check on Wednesday.
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Photo: Apple iPad. Courtesy photo.