“Apple’s ecosystem, says Katy Huberty, may be stickier than most investors think,” Philip Elmer-DeWitt reports for Fortune.
“Morgan Stanley, whose Apple estimates tend to be on the conservative side, raised its Apple price target Monday — to $110 from $99 — and added iWatch estimates to its model for the first time,” P.E.D. reports. “Apple’s integrated ecosystem of devices, software and services may be stickier than most investors think, writes Katy Huberty, citing proprietary AlphaWise consumer surveys that show Apple’s leading brand loyalty continuing to grow.”
P.E.D. reports, “It’s that loyalty and the so-called “halo effect,” Huberty writes, not the current watch market, that will drive sales of the unannounced product that she (like everybody else) is calling the iWatch.”
Read more in the full article here.