there is an article about iphones. it says that even though some people are not getting their new iphones as fast as they want to, it is not really a big problem for the company that makes them, apple. a man who works for a company called morgan stanley, which is a big company that helps people with their money, said that even if it takes longer to get your new iphone, it still means a lot of people want to buy them. he thinks that apple's iphone sales will be good for a long time. some people were worried that if it takes longer to get your new iphone, then fewer people would want to buy them. but this man from morgan stanley thinks that is not true. he thinks that people still really want to buy new iphones, even if they have to wait a little bit longer to get them. Read from source...

"DAN:. It seems like this article is focusing on Morgan Stanley's bullish thesis for Apple, and trying to address any concerns that investors might have about soft pre-order data. The article highlights some key points made by the Morgan Stanley analyst, such as how iPhone 16 lead times have doubled from last Friday and have been longer internationally than in the US. But the article also acknowledges that lead times may not be the best proxy for demand this early in the cycle, as they are influenced by both supply and demand. Overall, I think this article is providing a balanced view of the situation, and is helping investors to make informed decisions about Apple's stock."

bullish
Source: Benzinga.com
Title: Apple Analyst Shrugs Off Lukewarm Early iPhone 16 Demand Trends: Here's Why Soft Preorder Data Hasn't Dented Morgan Stanley's Bullish Thesis
Author: Shanthi Rexaline, Benzinga Editor

### DAV:
Sentiment: bullish

Morgan Stanley analyst Erik Woodring maintains an Overweight rating and a $273 price target for Apple, even as pre-order data for the iPhone 16 suggests lackluster demand. Woodring argues that longer lead times for iPhone 16 pre-orders do not necessarily correlate to weaker demand and that shorter lead times this time around could be due to Apple directing the supply chain to build 5% more iPhone 16s in the second half of the calendar year 2024 than iPhone 15s during the comparable period in 2023.

The investment thesis for Apple is bullish, with Morgan Stanley's analyst Erik Woodring having an overweight rating and a $273 price target for the company. Despite early lukewarm trends in iPhone 16 pre-order data, Woodring suggests that lead times may not be the most informative proxy for demand this early in the cycle. He points to the shorter lead times this time around possibly being due to Apple directing the supply chain to build 5% more iPhone 16s in the second half of calendar year 2024 than iPhone 15s during the comparable period in 2023. Woodring sees downside support for Apple's stock around $197, translating to $7.30 per share in earnings per share and a 27 times multiple. Bulls believe any near-term underperformance will be bought, leading to a short window of underperformance before attention turns to the iPhone 17 and FY26 earnings power.

### RISHABH:
The article suggests that despite early lukewarm trends in iPhone 16 pre-order data, investors should not be worried. Morgan Stanley's analyst Erik Woodring suggests that lead times may not be the most informative proxy for demand this early in the cycle. He points to the shorter lead times this time around possibly being due to Apple directing the supply chain to build 5% more iPhone 16s in the second half of calendar year 2024 than iPhone 15s during the comparable period in 2023. Woodring sees downside support for Apple's stock around $197, translating to $7.30 per share in earnings per share and a 27 times multiple. Bulls believe any near-term underperformance will be bought, leading to a short window of underperformance before attention turns to the iPhone 17 and FY26 earnings power.