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. Thanks to President Trump’s tax reform , Apple was able to bring a lot of cash back into the country. Bloomberg cited Neil Campling of Mirabaud Securities as saying that TSMC blamed the weakness on the high end of the market.
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