• Morgan Stanley Projects Big iWatch Profits

    It's yet another lofty first-year sales projection for a device that Apple is not only yet to release, but yet to even confirm as a forthcoming addition to its product line-up.

    But on Tuesday, the tech headlines reflected the latest projection from respected Morgan Stanley analyst Katy Huberty, who sees big things for Apple's iWatch in its first 12 months of availability.

    Saying that investors should “invest now for new product categories,” Huberty believes the iWatch may singlehandedly contribute $17.5 billion to Apple's bottom line in its debut year.

    Huberty thinks investors are “muted” in their expectations for wearable tech, but given that each new product category from Apple has grown at a faster clip than the last, she thinks “wearables could contribute up to $17.5 billion of revenue in the first twelve months,” topping the iPad’s growth rate.
    On Tuesday, Huberty reiterated an Overweight rating for AAPL with a $630 price target.

    Source: Barron's
    This article was originally published in forum thread: Morgan Stanley Projects Big iWatch Profits started by Michael Essany View original post
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