Apple's long-term positives outweigh rare earnings miss, Morgan Stanley says
Publishing timestamp: 2023-02-03 12:05:44
Summary
Morgan Stanley analysts remain bullish on Apple despite the company's first year-over-year sales decline since 2019, citing strong user spend and installation levels, and a long-term gross margin trajectory. Apple shares were up around 1% at open Friday despite the sales miss.
Sentiment: POSITIVE
Keywords: apple inc, business news, earnings, morgan stanley, stock markets, technology,