Morgan Stanley Said China's Widening Curbs On iPhone Will At Most Impact Apple's Revenues By 4%; Believes Apple's 2-day Stock Sell-off On China Widening Iphone Curbs Is Overdone
Portfolio Pulse from Charles Gross
Morgan Stanley has stated that China's increasing restrictions on the iPhone will at most impact Apple's revenues by 4%. The firm also believes that the recent 2-day stock sell-off on Apple due to China's actions is overdone.
September 08, 2023 | 9:29 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Apple's revenues could be impacted by up to 4% due to China's increasing restrictions on the iPhone, according to Morgan Stanley. The firm also believes the recent 2-day stock sell-off is overdone.
Morgan Stanley's analysis suggests that the impact of China's restrictions on Apple's revenues will be limited to 4%. This could reassure investors and stabilize the stock price. However, the ongoing situation in China remains a risk factor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The iShares China Large-Cap ETF (FXI) could be indirectly affected by China's widening restrictions on the iPhone, as it could impact the overall market sentiment towards Chinese stocks.
While the ETF is not directly linked to Apple, the increasing restrictions on the iPhone in China could impact the overall market sentiment towards Chinese stocks, potentially leading to a negative effect on the ETF.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50