What you need to know
- Morgan Stanley has raised its target share price for Apple.
- Katy Huberty says that MS expects Apple to post all-time record quarterly revenue and earnings.
- It follows reports Apple could announce its first-ever $100 billion quarter.
Morgan Stanley has raised its target share price for Apple to $152 ahead of what could be "all-time record" earnings.
In an investors note relayed by Philip Elmer-DeWitt Katy Huberty writes:
Specifically, Morgan Stanley estimates Apple's December Quarter revenue earnings will be $108.2 billion, 5% ahead of consensus. That would come thanks to earnings per share estimates of $1.50, around 7% above consensus.
According to reports earlier this week, consensus earnings per share for Apple sits at $1.39 billion. From that report:
Apple will announce its earnings at a call on January 27 at 2 pm PT.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9