Increased uncertainty in China around iPhone 14 Pro manufacturing has caused Morgan Stanley to drop its iPhone shipment prediction by another 3 million units in Q4 2022.
Apple's reduction in iPhone 14 production at Foxconn's Zhengzhou factory will hit revenue for the holiday quarter, says Morgan Stanley, but it also presents an opportunity for investors to "buy the dip."
Revenue from the App Store has reportedly taken a hit in the last quarter due to a decline in revenue from games, but Apple's services growth overall will continue.
A new analyst is assuming coverage of Apple for investment bank Morgan Stanley, replacing the well-known Katy Huberty, who has a long track record of correct Apple forecasts.
Investment Bank Morgan Stanley says that Apple's path to a $3 trillion market valuation will stem from the company's user base and an increasing shift to a subscription model.
Investment bank Morgan Stanley has cut its Apple price target to $180 from $185 and is expecting June quarter results slightly below Wall Street expectations.
New research from investment bank Morgan Stanley says that global App Store growth has been offset by declining sales in China, and has cut its Apple stock price target as a result.
New research from Morgan Stanley says that during May 2022, iPhone sales were up 15% year-over-year in China — but at the same time, App Store usage has decelerated in the country.
Apple's WWDC 2022 announcements underscore that it's working toward a "unmatched" and "unreplicable" user experience, according to Morgan Stanley
A slowdown in App Store growth in the month of May could pose a risk to Apple's Services revenue in the June quarter, according to investment bank Morgan Stanley.
Apple's App Store revenue saw a jump in the month of April, and investment bank Morgan Stanley says it's starting to see "green shoots" emerging for the important product segment.
Katy Huberty of Morgan Stanley has lowered her Apple price target to $195 from $210 because of tough economic conditions in the June quarter, but says Apple still remains a top pick for 2022.
Katy Huberty of Morgan Stanley believes that Apple will come in well ahead of Wall Street's estimates for its second fiscal quarter but is also expecting some cautious guidance going forward because of COVID concerns.
Apple could be on the verge of a broad business shift away from iPhone shipments to installed base monetization if rumors of a hardware subscription are true, according to an analyst.
Investment bank Morgan Stanley has raised its Apple price target to $210 after the iPhone maker reported Q1 2022 earnings that broke records and beat Wall Street's predictions.
Morgan Stanley's Katy Huberty expects Apple to break holiday quarter earnings and edge out Wall Street's expectations for the quarter thanks to iPhone production improvements and Services performance.
Investment bank Morgan Stanley has raised its Apple price target to $200, driven by what is expected from the company relatively soon, as well as short-term drivers like the App Store and iPhone supply.
Investment bank Morgan Stanley has advised clients that AR will see "liftoff" once Apple enters the market, says launches are coming soon.
Apple's latest 10-K form acknowledges some additional App Store risks, and also indicates that advertising is now the strongest revenue driver for the company's Services business.
Apple is likely to outperform expectations when it reports earnings for its fourth quarter of 2021, but the actual call with investors is unlikely to be a catalyst, Morgan Stanley says.
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Wesley Hilliard
Malcolm Owen
Andrew Orr
Mike Peterson
William Gallagher
Mike Wuerthele
