Apple: Morgan Stanley Cuts iPhone Estimates Again, Expects Revenue Miss

Investing.com2022-12-08

Morgan Stanley analysts reiterated an Overweight rating and a $175 per share price target on Apple (NASDAQ:AAPL) stock despite lowering FQ1 revenue estimates for the second time in a short period of ...

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Comments

hphoa
2022-12-08
hphoa
😁
hphoa
2022-12-08
hphoa
Still very strong
LazyTitan
2022-12-08
LazyTitan
Short term negative, long term intact.
Shirley Soh
2022-12-08
Shirley Soh
Ok
MLFL
2022-12-08
MLFL
Good morning
- WinZ:
  [Smile]
Cvt
2022-12-08
Cvt
🍏 no problem
- Victorhc88:
  D
- snowpine2005:
  ok

Leave a comment

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The new forecast for iPhone shipments implies an 11% drop year-over-year.They don't expect Apple will be able to recover lost units in its March quarter, hence leaving the FQ2 forecast for iPhone shipments unchanged.Morgan Stanley analysts made the second cut to iPhone and revenue estimates for this quarter to account for a slower China production ramp. The broker previously slashed its forecast by 1.5M iPhone 14 Pro units and 1.5M iPhone 14 Pro Max units, as far as Apple's first fiscal quarter is concerned.Net-net, they project earnings per share of $1.88 on revenue of $120.3B for the December quarter, which is 3% and 6% below consensus, respectively. 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likely to be deferred into March than destroyed,\" the analysts 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very strong&nbsp;","listText":"Still very strong&nbsp;","text":"Still very strong","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920260878","repostId":1163215611,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920173041,"gmtCreate":1670459447684,"gmtModify":1676538371712,"author":{"id":"4098080207325560","authorId":"4098080207325560","name":"LazyTitan","avatar":"https://static.tigerbbs.com/1dcfc5d55c396d8273dece2f5fbdc9af","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"4098080207325560","authorIdStr":"4098080207325560"},"htmlText":"Short term negative, long term intact.","listText":"Short term negative, long term intact.","text":"Short term negative, long term intact.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9920173041","repostId":1163215611,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9920147352,"gmtCreate":1670459334877,"gmtModify":1676538371637,"author":{"id":"4100664503126340","authorId":"4100664503126340","name":"Shirley 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class=\"s1\">[Smile]</span>"}],"langContent":"EN"},{"id":9920155140,"gmtCreate":1670458415880,"gmtModify":1676538371248,"author":{"id":"3579235597126488","authorId":"3579235597126488","name":"Cvt","avatar":"https://static.tigerbbs.com/c8fda02901ec7a98b51fe8e84d016ab2","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579235597126488","authorIdStr":"3579235597126488"},"htmlText":"🍏 no problem&nbsp;","listText":"🍏 no problem&nbsp;","text":"🍏 no 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