Supply issues with the iPhone 15 Pro and iPhone 15 Pro Max will push sales into the next quarter, says Morgan Stanley, which has consequently cut its Apple price by $5.
iPhone 15 Pro colorful lineup
Ahead of Apple’s next earnings call, typically held at the end of October, investment bank Morgan Stanley says these figures should be as predicted. But “iPhone supply shortages & stronger USD likely to result in a below-seasonal Dec Q[uarter] guide,” it says in a report seen by AppleInsider.
Go Here to Read this Fast! Morgan Stanley trims Apple price target to $210 on iPhone delays
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Morgan Stanley trims Apple price target to $210 on iPhone delays