Morgan Stanley issued a report that it expects Apple's revenue and earnings per share to outperform expectations in the next fiscal quarter ending March this year. Benefiting from stable product demand and service business outperforming the market, it is expected that revenue in the second fiscal quarter will reach US$91 billion, and earnings per share will reach 1.letitridepokeronline.51 dollars. However, the bank expects the company's revenue guidance for the third quarter ending June this year to be close to the bank's expectationsletitridepokeronlineAt US$80 billion, the earnings per share guidance is US$1.22, which is 4% to 7% lower than market forecasts.
The bank said that investors are paying more attention to the performance of the mainland market, Apple's latest capital return performance, capital expenditures and other aspects this quarter; the bank said it would lower its target price from US$220 to US$210 and maintain its rating of "overweight".