Apple continues to be the best stock pick among computer producers, according to Morgan Stanley, with the overall PC market hitting its lowest point in about two decades.
The global PC market has suffered considerably in recent years, with it trying to recover from a horrific holiday season. Amid one report’s poor forecast for the industry in 2023, it seems Apple is the only vendor that Morgan Stanley seems quite positive about.
In a Tuesday note to investors seen by AppleInsider, Morgan Stanley says it is reducing its forecasts for the PC market, trimming the 2023 calendar year prediction from 261 million shipments to 249 million. Weakness in both consumer and commercial markets are seen to be worsened by “softer-than-expected demand” and an elevated channel inventory.
Read more at AppleInsider.com