“Fresh off a meeting with senior executives at Apple, Morgan Stanley analyst Katy Huberty said the company sees product cycles as being driven by software rather than hardware and is expected to announce major software updates at the Worldwide Developers Conference in June,” Josh Ong reports for AppleInsider.
“After meeting with Apple Chief Financial Officer Peter Oppenheimer, Senior Vice President of Retail Ron Johnson and Vice President of Internet Services Eddy Cue, Huberty issued a note to clients reiterating her Overweight rating for the company and downplaying concerns about the company’s margins and the possibility of iPhone saturation,” Ong reports. “According to Huberty, Apple executives highlighted the fact that ‘the company generally views product cycles as software driven’ during their meeting.”
Ong reports, “Given the software emphasis, Huberty suggested that ‘major feature/function updates’ will come at Apple’s Worldwide Developers Conference, which runs from June 6 through June 10 in San Francisco.”
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