Sina Technology News Beijing time in the evening of July 24th news, Morgan Stanley today issued an investment research report, continuing to maintain the Apple Corp stock "increase" rating, the target share price from $214 to $232.
Morgan Stanley analyst Katie Hubert (Katy Huberty) issued a relatively optimistic report on apple in July 31st, before the third quarter financial report of the 2018 fiscal year was released. Hubert believes Apple's third-quarter results will be in line with analysts'expectations and that the growth in services will exceed market expectations.
As for the fourth quarter, due to the upcoming 6.1-inch LCD version of the iPhone screen backlight problem, the production date may be delayed by a month. For this reason, Hubert believes that Apple's fourth quarter earnings expectations may be lower than market expectations.
In fact, at the end of May this year, it was reported that the 6.1 inch LCD version of iPhone could be postponed for 2 months compared to the other two iPhone because of the production problem.
In addition, Guo Mingji, a well-known analyst at the end of June, said that the 6.1 inch New iPhone, which the apple will release this fall, is now encountering a mass production problem, but it will still be launched in September.
At the end of last month, Hubert predicted in a previous study that the 6.1-inch LCD version of the iPhone would start selling for between $699 and $769. (Li Ming)
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