Apple Stock Soars: Record iPhone Upgrade Intentions
Raleigh News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Morgan Stanleys survey reveals a bullish outlook for Apple stock, with global iPhone upgrade intentions hitting a record 37%. China drove this surge, with a 9-point increase. Apples net switching rate also reached an 11-year high, setting the stage for market share gains. The data supports Morgan Stanleys forecast of 260 million iPhone shipments in FY2026, implying a 27% upside from recent levels. Strong interest in a foldable iPhone and potential revenue from a fall 2026 launch are key factors to watch.
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