Morgan Stanley: Apple Could Drop to $200 on iPhone Worries, Then Buy

September 19, 2024: Morgan Stanley, a prominent investment bank, has issued a forecast suggesting that Apple’s stock price could plummet to $200 per share. This dramatic decline is attributed to concerns about potential weakness in the upcoming iPhone sales cycle.

The analysts at Morgan Stanley argue that several factors could contribute to a slowdown in iPhone demand. These include economic uncertainty, rising inflation, and the potential for consumers to delay upgrading to newer models. Additionally, there is speculation that Apple may face challenges in manufacturing sufficient quantities of its latest iPhone to meet initial demand.

Despite these concerns, Morgan Stanley maintains a “Buy” rating on Apple stock. The analysts believe that the company’s long-term prospects remain strong and that a significant drop in the stock price presents a buying opportunity for investors. They point to Apple’s diversified product portfolio, including the iPad, Mac, and services businesses, as factors that could help mitigate the impact of any slowdown in iPhone sales.

Morgan Stanley’s forecast has generated significant attention in the financial markets. While some analysts agree with the assessment, others remain more optimistic about Apple’s ability to maintain its market position and drive strong growth.

As of September 19, 2024, Apple’s stock price is above $200 per share. However, if Morgan Stanley’s concerns materialize, the stock could experience a significant decline.

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