Morgan Stanley predicts Apple shares will continue to sink — 2022
Apple is not having a good few weeks on the American stock market, as its share price continues to fall and therefore the stock market value moves away from the long-awaited trillion dollars that they could taste only a few days. Analysts at Morgan Stanley are pessimistic about the future of Apple stock as they state that they will continue to cut their price because of the Chinese market they are not renewing as often as before.
Analyst Katy Huberty is clear: ‘China’s smartphone market is to blame’ . Market growth is slowing as Chinese users are not upgrading their devices as often on a yearly basis.
The Chinese market is to blame for the fall of Apple
Due to this trend, Morgan Stanley h has lowered the target price of Apple shares from $253 to $236, although there are many other factors that are currently affecting the market. This is a much more positive value than that given by other analysts, which is around $212.
If it is true that all US companies are lowering the value on the stock market due to the huge trade war that exists between the United States and China . Donald Trump appears to be reaching a deal with the Chinese government, but this is not driving stocks higher. To give you an idea today Apple has dropped 2% again, going back to May values.
Analyst Huberty has stated that during the meetings in Asia, the weakening of smartphones in the Chinese market was highlighted . This is in line with numerous reports that have been emerging throughout these weeks where it has been analyzed that several companies were affected in the same way, drastically lowering their income.
With this new Morgan Stanley report joins a long list of predictions where it is stated that the Cupertino company will not raise head on the American Stock Exchange throughout this cycle due to these factors and the low sales of new Apple devices such as the iPhone XR.
The company wants to turn this trend around by working on a new marketing campaign that stimulates the sale of these new devices, adding a more extensive description on the official website or the $100 bonus when buying one of these iPhones in the Japanese market.
Leave us in the comment box what you think of this new analysis that has been published today.