Morgan Stanley expects that “deep” 618 Festival channel promotions in China are driving higher-than-expected iPhone and iPad sell-through for the June quarter.

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	Forwarded this email? Subscribe here for more Morgan Stanley sees higher-than-expected iPhone and iPad sales for June quarter MacDailyNews Jun 25   READ IN APP   Apple’s new iPad (11th generation) Morgan Stanley expects that “deep” 618 Festival channel promotions in China are driving higher-than-expected iPhone and iPad sell-through for the June quarter. The firm now anticipates approximately 3.0 million more iPhone units and 2.5 million more iPad units than previously forecast, which could translate to a $4 billion revenue increase, assuming no other changes. Insider Monkey: ‎ The analyst noted that September quarter builds are tracking in line or slightly better. It is worth noting that on June 9, [CNBC] Mad Money host [Jim Cramer] said: Hey, finally there’s a stock that people now love to downgrade… I’m talking about Apple. I expect to hear some downgrades tomorrow because of today’s supposedly ho-hum Worldwide Developers Conference… But what the critics seemed to be missing constantly is that the only question I heard was upgrade or not. Did you hear switch? I didn’t hear switch. As long as I didn’t hear switch, I’m going to hold the stock… ‎ MacDailyNews Take: On June 13th, Morgan Stanley reiterated its Overweight [Buy] rating on AAPL shares and its $235 price target. ‎ Please help support MacDailyNews — and enjoy subscriber-only articles, comments, chat, and more — by subscribing to our Substack: macdailynews.substack.com. Thank you! Support MacDailyNews at no extra cost to you by using this link to shop at Amazon. The post Morgan Stanley sees higher-than-expected iPhone and iPad sales for June quarter appeared first on MacDailyNews. You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2025 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe