12:53 PM More on Morgan Stanley/Apple: Huberty claims iPhone 5 shipments are now "on track to meet carrier volume expectations" following a slow start. She also thinks iPhone 4 price cuts could boost near-term demand (will margins take a hit?) - Apple has been offering iPhone 4 promotions in India and other major emerging markets, in order to woo buyers who can't afford its regular unsubsidized price ($485 in India). In-line with many other reports, Huberty expects the iPhone 5S to launch around September, and a cheaper iPhone to arrive. Read comments
AAPL price at time of publication: $464.54. Check AAPL price now »
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