Like a psychic, the bread and butter of most analysts is to make wild predictions to their clients and then, when they don’t come true, pretend like those predictions were never made to begin with. When that fails, another ploys analysts, like psychics, sometimes use is overly vague predictions that could literally be fulfilled by anything.
Morgan Stanley analyst Katy Huberty’s latest bit of soothsaying falls into the latter cam: she claims that after meeting with Apple management recently, she feels quite certain that Apple could release a “killer app” this year. Only one, Katy?