Apple's stock price isn't keeping up with the demand for its products
What you need to know
- Morgan Stanley analyst Katy Huberty released a new investor note.
- The analyst believes the recent underperformance of the stock price is "likely overdone."
Apple's stock price is seeing a bit of a dip despite overwhelming demand for its products and stellar financial performance as of late.
As reported by AppleInsider, Katy Huberty, lead analyst for Morgan Stanley, wrote an investor note that says the stock price should catch back up and that its dip is only temporary.
Huberty currently believes that Apple will ship 41 million iPhones in the June quarter.
The analyst says that Apple's recent under-performance with its stock price is "likely overdone."
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.