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Morgan Stanley: This Is Your Chance to Buy Shares of Apple at a Discount
The worries are overblown
Apple's new Canton Road store in the Tsim Sha Tsui district of Hong Kong on Thursday, July 30, 2015.
Xaume Olleros/BloombergThis article is for subscribers only.
This year has been less than stellar for shares of Apple.
The stock began 2015 around $111 and is currently trading near $115 despite hitting an all-time high of $134 in February. Apple's woes deepened on Wednesday after Bank of America Merrill Lynch analysts downgraded the stock while warning that the company faced a slowdown in China sales, among other things.