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  • Huberty Sees More of the Same for Apple


    On Tuesday, with just one week to go before Apple reports earnings for the fourth and final quarter of 2014 (Apple's Q1 of 2015), Morgan Stanley analyst Katy Huberty dished on what investors can expect from the tech giant over the course of the next 12 months. And based on Huberty's observation, it will be more of a good thing for Apple.

    Huberty, like most of her peers across Wall Street, believes Apple sold close to 70 million iPhones last quarter. In recent months, Huberty has upped her iPhone sales estimate for the 2014 holiday quarter from 62 million iPhones to 69 million. Why? All the evidence that has come to Huberty, including supply chain sources, paints a clear picture to the analyst: iPhone sales have never been stronger.

    According to Huberty's latest estimates shares with investors this week, Apple will likely maintain the holiday quarter momentum throughout 2015, leading to what could be Apple's biggest year of earnings to date. With Apple Watch on the way and new iPhones and iPads expected this fall, all signs point to a white-hot year of new product sales for the Cupertino, California-based Mac maker.

    For the time being, Huberty is maintaining the bank's overweight rating and a modest $126 price target for shares of Apple.

    Source: BusinessInsider
    This article was originally published in forum thread: Huberty Sees More of the Same for Apple started by Michael Essany View original post