According to Morgan Stanley analysts, Apple is way over-performing current negative perceptions about its business. And that’s going to pay off in spades when it comes to the next earnings announcement.
Mass production is gearing up for Apple’s 2018-era iPhone refresh, but as per usual it’s not without its problems. According to a new report, the 6.1-inch LCD handset is causing Apple particular trouble with an LED backlight leakage. The issue has pushed back manufacturing by one month.
The claim is from Morgan Stanley analyst Katy Huberty, who cites sources in Apple’s supply chain. But don’t worry: Apple’s apparently got the problem covered.
Morgan Stanley analyst Katy Huberty is predicting big things for iPhone 8 sales once Apple finally unveils the device this fall.
In her latest research note to clients, the Wall Street analyst predicts that the edge-to-edge OLED display and longer battery life on the iPhone 8 will accelerate upgrades from customers with iPhones that are two years old or older.
Although since the iPhone 4S, Apple has launched new iPhones in the fourth fiscal quarter of every year, that’s not where the quarter they sell the most iPhones. It’s simple logistics: not only does Apple usually only have a couple weeks left in the fourth quarter to fit as many sales as possible into, but supplies of new iPhones tend to be constrained.
That’s not to say, though, that this won’t be a banner quarter for Apple. Thanks to the iPhone 5S and iPhone 5C, Apple will see year-over-year sales of iPhones increase by 28%, says one analyst.
Earlier today, we learned that Verizon actually sold a lot more iPhones last quarter than anyone expected, and now it looks like Apple might also be able to say the same. In fact, a Morgan Stanley analyst is now saying that her supply chain checks say Apple will beat their guidance this quarter by a sizable margin.
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?
In addition to forecasting that Apple would double existing investor dividends to 6% by borrowing low-interest cash domestically. Morgan Stanley’s Katy Huberty walked away from her recent meeting with another conviction: that a cheaper ‘iPhone mini’ aimed at emerging markets was extremely likely