Apple's App Store saw its fastest growth rate in months in September, outperforming investment bank Morgan Stanley's net revenue forecasts and implying a strong Services result for the company's fourth quarter.
Apple remains a top pick for investment bank JP Morgan, which expects the company to exceed low investor expectations in iPhone and services growth.
Apple's new iPhone 13 Pro models are off to a strong start, with several metrics pointing toward better demand than the company's devices have seen in years, according to Morgan Stanley.
Investment Bank Morgan Stanley is reiterating its forecast of strong, continued iPhone growth in 2022, citing the iPhone 13's delivery of features consumers care most about.
A recent U.S. District Court ruling in the Epic Games v. Apple trial is likely to have only a limited impact on Apple's App Store revenue, even in a worst-case scenario, Morgan Stanley says.
Recent App Store changes and investigations into the Apple app marketplace will only have a "minimal financial impact" on the company, investment bank Morgan Stanley said.
Institutional ownership of Apple shares increased in the June quarter, though the percentage is still down year-over-year because of a massive sequential decline earlier in 2021, Morgan Stanley says.
Katy Huberty from Morgan Stanley has hiked the firm's Apple stork target price to $166, based on the June quarter results hitting $74.7 billion in revenue for Apple and continued future iPhone and Services strength.
Apple App Store growth estimates for June suggest strong Services outperformance and increases Morgan Stanley's confidence of a significant June quarter earnings beat.
Investment bank Morgan Stanley is increasingly confident that Apple will both outperform in the June quarter and show solid growth across its products in 2022.
Apple's WWDC keynote could be more of a catalyst for Apple stock than what has historically been seen, largely due to a focus around Apple Silicon, Morgan Stanley says.
After a weaker-than-expected April, Morgan Stanley's Katy Huberty says that the App Store is trending ahead of forecasts in May — which could be a sign that Apple is on track to outperform in the June quarter.
Institutional ownership of Apple shares of stock saw the largest sequential decline since 2013 in the March quarter, though the company is still positioned for growth, Morgan Stanley's Katy Huberty says.
Demand for Apple's iPhone and other products remains healthy suggesting that the the dip in Apple's stock price is temporary, investment bank Morgan Stanley says.
Morgan Stanley Katy Huberty expects Apple App Store revenue will grow less than expected in the June quarter, though its long-term outlook remains unchanged.
Apple's most recent 10-Q signals a sustainable expansion of the company's gross margins, room for iPhone growth in the June quarter, and positive data points for Services, JP Morgan's Katy Huberty says.
Morgan Stanley has raised its AAPL price target to $161 from $158 after Apple reported better-than-expected and record-setting earnings for its second quarter.
Morgan Stanley has raised its 2021 and 2022 Apple Services revenue forecast, but has revised its AAPL price target down to $156 to reflect warier investor outlooks surrounding the company's peers.
Investment bank Morgan Stanley calls recent reports of weaker iPhone demand "supply chain noise," and sees the AAPL pullback as a buying opportunity for investors.
Apple smartphone share in China continues to grow due to high iPhone 12 demand, with Morgan Stanley expecting a strong March quarter on the strength of January sales.
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Mike Peterson
Mike Wuerthele
Wesley Hilliard
