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.

Source: Business Insider
Via: 9to5Mac

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Jules Wang
Jules Wang is News Editor for Pocketnow and one of the hosts of the Pocketnow Weekly Podcast. He came onto the team in 2014 as an intern editing and producing videos and the podcast while he was studying journalism at Emerson College. He graduated the year after and entered into his current position at Pocketnow, full-time.