Morgan Stanley: Apple selloff ‘overdone’

Apple’s revenue may take a minor hit this year from the Chinese Communist Party’s recent move to further curb the use of iPhones by government employees in China, but Morgan Stanley analyst Erik Woodring says the selloff in Apple’s shares are “overdone.”Reuters:Apple shares tumbled 6.4% over the last two days, wiping $190 billion from its market capitalisation, following news Beijing ordered some central government employees in recent weeks to stop using iPhones at