Morgan Stanley analyst Erik Woodring contends that Apple’s June quarter results “will do little to shift the investor narrative,” but adds that the “a clean print/guide,” late cycle iPhone strength, Services outperformance, and margin resiliency means Apple “likely outperforms into the upcoming iPhone 16 and Apple Intelligence launches.” Following the fiscal Q3 report, the firm maintains its Overweight rating and $273 price target on Apple shares.
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