This is Mac OSKIN.

This is Mac OS Ken.

Manalists react to Apple earnings.

Tim Cook calls a case against Apple misguided and another Beats Pill speaker

citing. It is Monday the 6th of May 2024. I'm Kanray and this is news from Maco-Sken brought to you by yours truly and

supported by people like you patrons through Patreon find out more and

than your support at patreon dot com slash mako-o-skam While no ratings have been changed a few 12-month price targets on Apple have been raised since

last Thursday's March quarter earnings report and associated call.

Let's run through a few notes associated with those compliments of Apple 3.0.

Morgan Stanley analyst Eric Woodring says not only is a lot of bad news behind

Apple some of the bad news ended up being not bad. For example the

anticipated drop in iPhone sales in China did not happen, replaced instead by growth in mainland China.

Installed bases at an all-time high, services revenue and gross margins hit all-time records.

Apple's going to be buying back more shares, and now the investing world and the world at large can get set for whatever AI whatever Apple's going to announce at W.W.C.

While risks still exist, including losing the roughly $20 billion.

Google is paying Apple for supremacy in safari and uneven consumer demand.

Would we and companies see the tide shifting and expect top and bottom line growth to re-accelerate

into the low to mid teens next year. With that, Morgan Stanley maintains its overweight rating on Apple's shares.

The firm upped its price target on the shares from $210 to $ 216.

B of A securities analyst Wumse Mohan is doubling down on the factors that moved

him from neutral to buy earlier this year. He seems even more turned on by ideas like a strong multi-year iPhone upgrade cycle coming driven by generative AI

re-accelerating services growth, continued strong capital returns, upside the gross margins, and that list goes on.

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