“Apple’s dropping stock price may have plunged the tech giant’s market capitalization below $500 billion for the first time in months, but one financial analyst believes new iPhones and iPads will have sales roaring back in time for the holidays and into 2013,” Damon Poeter reports for PC Magazine.
“The release of the iPhone 5 and two new iPads will help Apple beat revenue projections in the last three months of 2012, according to Morgan Stanley’s Katy Huberty, who sent a note to investors Friday,” Poeter reports. “What’s more, Apple could be looking at lower prices from suppliers of components for its iDevices, according to Huberty.”
Poeter reports, “The Morgan Stanley analyst said key Apple suppliers were talking up higher-than-anticipated revenue to their own investors, indicating that Apple’s sales could come in better than expected as well, and those suppliers are also ‘seeing above-average orders from Apple for next year’s first quarter.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]