JPMorgan: Apple Has Caught Up With U.S. iPhone 6 Demand, Neutral Impact To Shares

JPMorgan's Rod Hall on Monday commented that

has now caught up with domestic iPhone 6 demand as consumers will no longer be forced to wait when purchasing an iPhone 6 or iPhone 6 Plus. According to Hall's checks at apple retail outlets in the Southern U.S., only the sim-free iPhone 6 Plus comes with a lead time of just one day. The analyst adds that other than the sim-free device, all configurations are listed as “in stock.” However, Hall notes that this development has a neutral impact to shares. The analyst notes that this development is consistent with the company's commentary during its fourth quarter conference call where they indicated that iPhone supply demand should reach a balance by the end of 2014.