Investment bank Morgan Stanley believes the recent performance of Services and the iPhone 12 Pro are pointing toward a strong December quarter for Apple.
Following recent "Apple Car" rumors, investment bank Morgan Stanley said it believes Apple has the "key ingredients" that are critical for a successful entry into the car market.
Morgan Stanley is "increasingly bullish" about the iPhone 12 cycle and has hiked the target Apple stock price, because of better-than-expected sales performance in China, stable build numbers, and other positive data.
Automaker Tesla has managed to hit a $600 billion market capitalization with a much smaller business than Apple and Amazon when they crossed the same threshold, Morgan Stanley says.
Morgan Stanley's Katy Huberty believes that Apple's Services, critical to the company's share price, will continue to see sustained double-digit growth driven by the iPhone 12 and new engagement initiatives.
Morgan Stanley analyst Katy Huberty sees the impact of the new App Store program with reduced commissions as "immaterial" from a financial standpoint to Apple, and believes that it doesn't signal a broader policy shift.
Earnings and other data from Apple's supply chain suggests that demand for the iPhone 12 and iPhone 12 Pro is much stronger than expected, according to Morgan Stanley.
Investment bank Morgan Stanley highlighted potential risks to Apple's Services business even as App Store revenue continued to grow throughout October.
Morgan Stanley is warning investors of a potential iPhone revenue miss for the September quarter but continues to believe that the iPhone 12 will drive growth in the future.
In the wake of Apple's Oct. 13 event, Morgan Stanley has raised its AAPL price target to $136 on the potential that the iPhone 12 and iPhone 12 Pro lineup has to drive product revenue growth into 2021.
Ahead of Apple's "iPhone 12" event on Oct. 13, Morgan Stanley is raising its iPhone estimates on new average selling price (ASP) analysis and iPhone build data.
Morgan Stanley sees Apple's recent stock weakness as a "constructive set-up" heading into the "iPhone 12" launch season, since key data points remain strong.
Ahead of Apple's July 30 earnings report, Investment bank Morgan Stanley believes the company's June quarter earnings will widely beat Wall Street expectations.
Morgan Stanley has raised its AAPL price target to $419, suggesting that Apple upgrade and trade-in programs could help the company unlock an "iPhone pot of gold."
Investment bank Morgan Stanley has raised its Apple price target to $340, citing strong App Store performance and a broader upside to Services.
When it comes to the long-running Apple Car project, Morgan Stanley analyst Katy Huberty expects Apple to invest significantly in researching and developing a "vertically integrated solution."
Morgan Stanley is retaining Apple as a top pick in the wake of the company's March quarter earnings, which solidified the investment bank's positive outlook for the long-term.
Morgan Stanley on Friday named Apple its top pick in the IT Hardware space, citing an attractive set-up ahead of the company's upcoming earnings call on April 30.
Morgan Stanley said Friday it is reducing expectations for Apple through fiscal 2021 to better align with the bank's macro view that GDP growth will take a greater hit than previously expected, due largely to a prolonged consumer recovery.
While the coronavirus is still having a big impact on China iPhone production, and the smartphone market as a whole, Morgan Stanley sees the impacts as mostly timing problems for Apple, and are buyers, maintaining a $368 stock price target.
{{ summary }}
Mike Peterson
Mike Wuerthele
