Here’s How Morgan Stanley Previews Apple Ahead of Q2

Here’s How Morgan Stanley Previews Apple Ahead of Q2
The apple logo hangs outside the Apple retail store along the Magnificent Mile in Chicago on June 17, 2010. Scott Olson/Getty Images
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Morgan Stanley analyst Katy Huberty saw Apple Inc. iPhone 13 and Mac strength more than offset relative underperformance in iPad and Services, leading her to expect upside to the Street’s consensus March quarter (Q2) revenue forecast.

Huberty also saw more cautious commentary on the June quarter (Q3) consensus of $86.7 billion, which appeared too high due to China’s COVID lockdowns.