According to foreign media Appleinsider, Morgan Stanley warned investors that iPhone shipments in September quarter may not meet the expected target, but still believe that the iPhone 12 will drive growth in the future. In a note to investors seen by Apple insider, Morgan Stanley chief analyst Katy Huberty said the current aggressive iPhone sales forecast “did not fully explain the lack of new products in the September quarter.”. She added that current expectations for 40.4 million iPhones were “too high.”. < / P > < p > this is because the iPhone 12 and iPhone 12 Pro models were introduced too late to affect this quarter. Still, the performance of the iPhone Se and iPhone 11 bodes well for apple, with Huberty raising its forecast for September quarterly revenue and earnings per share by 2% and 4%, respectively. Based on the performance of Apple’s older iPhones, Huberty raised its iPhone revenue forecast for September to $22.9 billion, with 33 million units shipped. This is lower than the iPhone’s revenue forecast of $28.5 billion for the quarter and the expected 40.4 million units to be shipped. < / P > < p > Huberty added that investors are likely to “ignore” the September quarter iPhone results, given the focus on new models of the iPhone 12. She pointed out that although it is still too early to place a bet, the preliminary delivery time indicators are full of hope for the product line. < / P > < p > the analyst pointed out that rumors from Apple’s supply chain showed that demand for the iPhone 12 was much higher than that of past generations. Huberty also raised Morgan Stanley’s apple Service forecast by 2% to $14.5 billion. Overall, the bank forecasts Apple’s September quarterly revenue of $60 billion, with earnings per share expected at $0.62. < / P > < p > the investment bank maintains a 12-month AAPL target price of $136. The EV / sales ratio of Apple products business is 5.9 times, and that of Apple services business is 10.5 times. Overall, the EV / sales multiple in 2021 is 6.7 times, and the target P / E ratio for that year is 33.3 times. SpaceX beat blue origin and Northrop Grumman to win a $316 million air force contract