iPhone delays weigh on Apple ahead of holiday season

A display of iPhone 14 smartphones at the Apple Inc Regent Street store in London, UK, on Nov 7, 2022. Customers in the US who placed an order on Nov 22 would get an iPhone 14 Pro delivered in New York on Dec 30, after Christmas, according to Apple’s website.— Bloomberg

Wait times for Apple Inc’s most expensive smartphones are rising to what analysts say are record levels as the holiday shopping season kicks off, threatening to curb sales at the company’s busiest time of year and derail a rally in the stock.

Customers in the US who placed an order on Nov 22 would get an iPhone 14 Pro delivered in New York on Dec 30, after Christmas, according to Apple’s website. The wait was about 34 days as of last week, near the highest ever, according to UBS Group AG.