“Morgan Stanley put out a note early this morning that said that per their iPhone tracker, demand for the iPhone for the March quarter are tracking well ahead of current Street consensus,” Jay Somaney reports for Forbes.
“The analyst at Morgan Stanley, Katy Huberty, says that their tracker shows demand for 56.5 million units in the March quarter versus Street consensus of 50 million units,” Somaney reports.
“In addition, UBS has a note out as well that talks about a positive $0.25 per share (at minimum) impact on earnings if Apple does unveil a new 4-inch iPhone on March 21 at the Apple event in Cupertino,” Somaney reports. “Apple shares are currently up slightly over 1% despite our futures being down around 0.5% across the board.”
Read more in the full article here.
MacDailyNews Take: Any iPhone outperformance this quarter would be excellent despite the tough compare.