Morgan Stanley Piles On Apple, Lowers iPhone Shipment Forecast
PYMNTS
APRIL 23, 2018
The high-end device has a hefty price tag of $999, which shut a lot of buyers out of the market. While Huberty cut her iPhone shipments, she did say that investors should buy the stock if it falls when fiscal second quarter results are reported on May 1, because Apple is likely to increase the amount of capital it gives back to shareholders.
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