Morgan Stanley lowers Apple price target to $360
Morgan Stanley lowers its Apple price target to $360: The services business is slowing down and the gross margin is coming under increasing pressure.
The iPhone is Apple's smartphone and has been the defining product of the company ever since its unveiling on January 9, 2007. What began as an uncompromising revolution with a multi-touch display and no physical keyboard is today a broad model family: from the standard iPhone to the slim iPhone Air and the Pro lineup with triple camera and ProMotion display, an entry-level e model and additional form factors in Apple's pipeline. The lineup is powered by Apple's own A chips, the iOS operating system, a tightly integrated ecosystem with AirPods, Apple Watch, Mac, iPad and Vision Pro – plus a dense network of iCloud, Apple Account, Apple Pay, Find My and Apple Intelligence.
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Morgan Stanley lowers its Apple price target to $360: The services business is slowing down and the gross margin is coming under increasing pressure.
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Ahead of the quarterly results, the price target for Apple stock has risen to $370. Revenue estimates are higher than Apple's own forecast.
APFELPATIENT brings you the latest Apple news, product updates, guides, reviews and tips across the entire Apple ecosystem — from the iPhone to the Mac to the Apple Vision Pro. From the first rumors to confirmed news: researched responsibly.
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