Apple is Morgan Stanley's top tech pick for 2018 because iPhone X is a hit in China
Publishing timestamp: 2017-12-21 13:37:40
Summary
iPhone X adoption in China is outpacing iPhone 8 and 8 Plus, leading to increased market share gains for Apple. The combination of faster iPhone X adoption and increased switching rates from other brands is driving Apple's success in the Chinese mobile market. Apple's stock has reflected the company's impressive product lineup and adoption rates, with shares up significantly in 2017. Despite a recent downgrade from Nomura Instinet, the majority of analysts still view Apple as a good investment for those seeking equity upside.
Sentiment: POSITIVE
Tickers: AAPL,
Keywords: stock markets, business news, technology, mobile, apple inc, china,
Source: https://www.cnbc.com/2017/12/21/apple-is-morgan-stanleys-top-tech-pick-for-2018.html