BMO Capital Starts Apple (AAPL) at Outperform
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Apple (AAPL) Lower as Analyst Highlights Weaker iPhone Units
December 14, 2015 7:32 AM ESTApple (NASDAQ: AAPL) is indicated to open 1.2% lower Monday after Morgan Stanley's Katy Huberty lowered FY 2016 iPhone unit estimates by 12% and EPS by 6% to reflect weak supply chain datapoints, according to traders.
The analyst now sees CY 16 iPhone units declining by approximately 3%.
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