Apple has made quite a comeback since it reported better-than-feared earnings, but many investors have little faith that the iPhone-maker can return to a $1 trillion market value with slowing smartphone demand.
Morgan Stanley, however, disagrees.
In fact, the bank said life beyond iPhone could extend this week’s 7 percent relief rally to another 27 percent gain from here this year. A slew of new services launching in 2019, including video streaming and a media bundle will be a big driver for Apple, according to Morgan Stanley’s Katy Huberty.
Apple plans to debut its video streaming service this spring, and Morgan Stanley expects the tech giant to introduce a “media bundle,” which contains video streaming, Apple Music and the Texture news app. Huberty said in a note on Thursday that an expansion of Apple’s payments and advertising business is also on the horizon, she added.
The media bundle could add