Morgan Stanley Thinks Dual Sim Could Be Apple's (AAPL) Upgrade Catalyst

Morgan Stanley analyst, Katy Huberty, reiterated her Overweight rating on shares of Apple (NASDAQ: AAPL) and bucked the trend of analysts anticipating a low to no growth upgrade cycle. Instead, the analyst is focusing on the integration of dual-SIM & eSIM means making the iPhone on feature parity with smartphone OEMs in international
markets.

The analyst stated "A larger base of aged iPhones and improving purchase intentions increases the potential for
accelerated iPhone upgrades and switching in China this cycle".

No change to the price target of $247.

For an analyst ratings summary and ratings history on Apple click here. For more ratings news on Apple click here.

Shares of Apple closed at $219.40 yesterday.

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