Morgan Stanley expects Apple to smash holidays and FY16
Apple is a huge money mover: it knows how to make money and it uses that money to make more money. Morgan Stanley is also a huge money mover: it gives businesses money, trades money for money and makes bold statements about money for money money money. Also, money.
Morgan Stanley seems to think that Apple is setting up for a huge holiday quarter this year based off of some disclosures in its last quarterly report. All told, some $36.8 billion worth of commitments — that’s planned spending.
Apple is also planning on capital expenditure projects for to facilitate more production across FY16 totaling $15 billion.
In an investment note, Morgan Stanley believes Apple may be cashing in on $84.4 billion for fiscal Q1 and $252 billion for the year. Both figures are higher than current market expectations.