Morgan Stanley: Apple likely to outperform Sept. quarter estimates by a healthy margin

Morgan Stanley has raised their iPhone shipment forecast for Apple’s September (fiscal Q421) to 52 million units (from 49 million) to be more in line with the shipment total implied by 50 million iPhone builds in the quarter. With investors focused on December quarter iPhone sales, analyst Katy Huberty doesn’t expect September’s earnings — even if they beat by a healthy margin — to move the stock.
Apple’s iPhone 13 Pro
Philip Elmer-DeWitt for Apple 3.0:From a