Morgan Stanley revises Apple estimates (up & down), and adds voice to predictions of digital wallet

huberty

Fortune reports that Morgan Stanley analyst Katy Huberty has taken the unusual step of revising her estimates for the current quarter, predicting that Apple will sell more iPads (up 11 percent), fewer iPhones (down 11 percent) and fewer Macs (down 3 percent).

Analysts adjusting their estimates on the basis of supply-chain data and rumors is nothing new, but it’s an unusual step for Huberty, who generally issues a single forecast the day after the previous quarter’s figures are reported and then sticks with it for the full three months … Read more