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.
Analysts have labeled Apple a “top pick” for investors in 2017.
Morgan Stanley predicts Apple will have a successful year due to a variety of factors, including the much-anticipated iPhone 8, a potential 11-point deduction in tax rate, and consumer loyalty in China where iPhone sales are expected to grow 20 percent.
Morgan Stanley analysts Adam Jonas and Katy Huberty — who regularly follow Tesla and Apple — claim an autonomous Apple Car could save drivers a collective 400 billion hours of “non-productive” time each year.
“What is the value of 400 billion hours a year?” they write in a note to clients. “How much value could Apple create from this time or said another way how much are consumers willing to pay to recoup this time? It’s time to start thinking about… time.”
And we thought the Apple Watch was Apple’s attempt to focus on timekeeping!
There are a lot of reasons to be excited about Apple right now, but if you believe Morgan Stanley analyst Katy Huberty, we’re just getting started.
Based on Apple’s quarterly SEC filing, Huberty believes Apple’s revenue is set to explode over the coming quarters, since she claims Cupertino’s off-balance sheet commitments “confirm major product ramps later this year.”
There may not be any official announcement of Apple’s iWatch entry into the wearable tech market just yet, but that’s not stopping analysts from predicting big things for it.
The latest is Morgan Stanley’s Katy Huberty, who suggests that the iWatch could achieve sales in the region of 30-60 million units in its first year on the market, thanks to the “halo effect” of brand loyalty to Apple that will drive sales of the as-yet-unannounced product.
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.