Morgan Stanely sees 'iPhone pot of gold' driving AAPL to $419 per share

Morgan Stanely sees 'iPhone pot of gold' driving AAPL to $419 per share

AppleInsider

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Morgan Stanley has raised its AAPL price target to $419, suggesting that Apple upgrade and trade-in programs could help the company unlock an "iPhone pot of gold."

An iPhone 12 mockup compared to an iPhone 11.
In a research note to investors seen by AppleInsider, lead analyst Katy Huberty says that iPhone users are currently sitting on nearly $147 billion in trade-in value with the potential to "fund 41% of iPhone purchases over the next three years."

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