Apple iPhone Sales Are Stronger Than Expected, Says Morgan Stanley

Apple‘s December 4th iPhone income are much robust than the Street had anticipated, Morgan Stanley expert Katy Huberty asserts successful a caller probe note—and that could acceptable up a affirmative net surprise.

Huberty finds that Apple (ticker: AAPL) iPhone pb times are contracting to more-normalized levels successful precocious December, “further evidence” that iPhone accumulation is supra expectations. Huberty adds that she has travel crossed “a fistful of information points” suggesting that constituent availability successful the past period is improving.

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