161 days ago • Posted by Martin Boujol
2021 or the year where people will buy the most smartphones
It's upgrade time! According to a Morgan Stanley report on consumer's smartphone purchases, 2021 is the year where intention of purchase is the strongest in the past few years. Morgan Stanley said: "We are incrementally bullish on 5G infrastructure and smartphone suppliers and raise AAPL bull case". And about AAPL: "Survey flags nearly 40% upside to consensus FY21 AAPL estimates, lifting our bull case valuation to $191". Seems like smartphones stocks may have room for further growth, we will see.
Source: Morgan Stanley