iPhone consensus 'too high' for Q4 but iPhone 12 will drive growth through 2021, analyst says

Morgan Stanley is warning investors of a potential iPhone revenue miss for the September quarter but continues to believe that the iPhone 12 will drive growth in the future.

Credit: Apple
In a note to investors seen by AppleInsider, lead analyst Katy Huberty believes that current aggressive iPhone expectations "don't fully account for the lack of new products" in the September quarter. She adds that current iPhone consensus for the period of 40.4 million shipments is "too high."

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