The sharp drop in sales of personal computer and consumer electronics in recent quarters augurs poorly for stocks in the computer hardware sector, Morgan Stanley analyst Erik Woodring cautioned in a research note Monday. He chopped earnings and estimates and price targets across the board for all of the stocks he covers.
But Woodring stays bullish on
Apple
(ticker: AAPL), which is due to report September-quarter results next week.
Source: https://www.barrons.com/articles/apple-stock-hardware-top-pick-51666023687?siteid=yhoof2&yptr=yahoo