What you need to know
- Morgan Stanley analyst Katy Huberty has released a new note to investors.
- The analyst said that iPhone and services performance will propel Apple above Wall Street expectations for Q4.
- Huberty also said that iPhone production issues were "overblown."
Despite concerns around the current supply chain and the ongoing chip shortage, Apple is reportedly likely to beat out Wall Street's financial expectations for the fourth quarter of 2021.
In a note to investors obtained by AppleInsider, Morgan Stanley analyst Katy Huberty said that the performance of the iPhone and the company's services business will propel Apple past the outcomes that analysts are expecting to hear when the company hosts its fourth-quarter earnings call next week.
Huberty even believes that, despite recent availability issues with the iPhone lineup, production problems with Apple's most profitable product are "overblown."
Apple has a lot to work with for the upcoming holiday season. Just this week, the company announced the new 14-inch and 16-inch MacBook Pro, 3rd generation AirPods, new colors for the HomePod mini, and its Apple Music Voice plan.
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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.