24-07-2023 17:13 via macdailynews.com

Morgan Stanley’s bull case puts Apple market cap over $4 trillion

In a new research report this past week, Morgan Stanley analyst Erik Woodring argues that India is, and will continue to be, a key growth driver for Apple. Woodring thinks that over the next five years, India will account for 15% of Apple’s revenue growth, eventually reaching 20% of its installed base of device users.Eric J. Savitz for Barron’s:The analyst notes that India, which recently passed China to become the most populous country on Earth, accounted for just 2% of Apple’
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