Morgan Stanley raises Apple target share price, expects earnings record
(iMore iPhone)

`Apple is likely to report all-time record quarterly revenue and earnings.` What you need to know Morgan Stanley has raised its target share price for Apple. Katy Huberty says that MS expects Apple to post all-time record quarterly revenue and earnings. It follows reports Apple could announce its first-ever $100 billion quarter. Morgan Stanley has raised its target share price for Apple to $152 ahead of what could be `all-time record` earnings. In an investors note relayed by Philip Elmer-DeWitt Katy Huberty writes: Our recent conversations suggest investors expect Apple to release solid, but not great, December quarter results. We disagree and believe that Apple is likely to report all-time record quarterly revenue and earnings. Our checks point to strength across Apple`s entire Product and Services portfolio, and we model double digit Y/Y growth for all 5 revenue segments in the December quarter, with risk skewed to the upside for iPhone, Mac and Services. Specifi...