Morgan Stanley Says Apple Stock Could Be ‘Turning the Corner’
Morgan Stanley increased iPhone build estimates by 8% for the September quarter due to stronger sales in China, highlighting potential upside for the December period ahead of new product announcements.
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Morgan Stanley Boosts Apple iPhone Production Forecast to 54M Units
Reviving Momentum in Cupertino Apple Inc.’s stock has been under scrutiny this year, with investors closely watching for signs of recovery amid fluctuating iPhone demand and broader market pressures. A recent analysis from Morgan Stanley suggests that the tech giant may be on the cusp of a turnaround, driven by stronger-than-expected iPhone sales and production builds. Analysts at the firm have raised their estimates for Apple’s September quarte…
Morgan Stanley 'turning more bullish' on Apple
Morgan Stanley suggested that Apple may be “turning the corner” as unexpectedly strong iPhone sales led to an increase in September-quarter production estimates. “We think the Apple story could be turning the corner,” the bank declared, referencing “elongated replacement cycles,” “pent-up iPhone demand,” “structural gross margin tailwinds,” and reduced tariff and regulatory pressures. Sam Boughedda for Investing: The bank’s Greater China Tech…
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