I added to my Apple (AAPL) position following Morgan Stanley’s bullish iPhone forecast upgrade, now expecting 54M units in the September quarter versus 50M previously. The revision reflects pent-up replacement demand, stronger designs, and margin improvements. Importantly, peak tariff concerns have eased while regulatory impacts remain softer than feared. With services pricing yet to be adjusted in two years, Apple holds untapped growth potential. Valuation relative to the S&P 500 remains fair, and upward estimate revisions historically drive multiple expansion, strengthening my conviction in Apple’s sustained growth trajectory.
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- EltonRichard·2025-08-18Exciting times aheadLikeReport