Morgan Stanley Trims Apple Fy17 Iphone Revenue Estimate, Ups FY18
Morgan Stanley analyst Katy Huberty expects weaker iPhone shipments as buyers start anticipating new models and lowered her FY17 iPhone revenue estimate by 3% to reflect weak demand ahead of the upcoming "supercycle" that she expects with the ten-year anniversary iPhone.
Huberty is now forecasting 75M iPhones in December and 51M in March, down from 79M and 55M, respectively. However, she increased her FY18 iPhone revenue estimate by 6% and looks for 20% shipment growth in FY18 to iPhone units of 253M.
Huberty has an Overweight rating and $148 price target on Apple (AAPL) shares.
Disclosure: None.
OTHERS TO WATCH: Many others in the retail sector are lower this morning, including Macy's, Kohl's, American Eagle, ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
