“Morgan Stanley’s Katy Huberty today writes that smartphone sales are set to be weaker next year than even her reduced expectations, though she sees upside for Apple (AAPL) taking share with the iPhone,” Tiernan Ray reports for Barron’s.

We now look for 11% growth in 2015 (up 8% Y/Y in 4Q, implying in-line seasonality of 14% Q/Q) compared to our original forecast of 18% at the beginning of the year, and 12% in our most recently published model… We model iPhone units growing in-line with the overall industry, baking in share gains in the high-end segment. High end smartphones ($300+) have been growing slower than the overall market… Chinese users shifting to better smartphones and more US users planning to upgrade this year than last year. As a result, we expect Apple to take share in its two largest countries in 2016 despite materially lower expectations for overall smartphone unit growth. — Morgan Stanley analyst Katy Huberty

Read more in the full article here.

MacDailyNews Take: Mo’ money, mo’ money, mo’ money!

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