“Morgan Stanley analyst Katy Huberty has soured on prospects for iPhone growth next year,” Patrick Seitz reports for Investor’s Business Daily. “In a report Monday, she forecast iPhone unit sales to decline 3% in calendar 2016. Just two months ago, Huberty had boosted her estimate for iPhone unit sales growth next year to 7% from 3%. Citing weak supply chain data points, Huberty cut her 2016 iPhone unit sales estimate by 12% and EPS estimate by 6%.”

“Meanwhile, JPMorgan analyst Narci Chang noted in a report Monday that November sales in the iPhone component supply chain ‘signal signs of early weakness of Phone 6S cycle,'” Seitz reports. “‘Current Street expectations (for Q2) of flat to up quarter-over-quarter seasonality are too optimistic,’ Chang said.”

“Other analysts are more optimistic,” Seitz reports. “On Thursday, BMO Capital Markets analyst Tim Long said that he thinks Apple can increase iPhone unit shipments for at least the next four years. He said that Wall Street is “too negative” on iPhone sales prospects.”

Read more in the full article here.

MacDailyNews Take: Investors never forget that the sole qualification for becoming a Wall Street analyst is getting hired as a Wall Street analyst.

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