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Da Mo analysts are optimistic about Apple's estimate of iPhone shipments approaching 500 million in the next two years

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Morgan Stanley analyst Erik Woodring has raised Apple's target price to $273, stating that analysts at Morgan Stanley are optimistic about Apple's estimated iPhone shipments approaching $500 million in the next two years. He stated that Apple Intelligence has the potential to drive record breaking device upgrades, with iPhone shipments approaching 500 million units in the next two years, surpassing the record breaking upgrade cycle of 2021-2022.
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