It's shaping up to be a great quarter and year for Apple, with iPhone and watch demand both set to impress, Morgan Stanley predicts in an analyst note.
Analyst Katy Huberty has raised her estimate for iPhone sales in the June quarter to 50 million from 46 million, and is also increasing fiscal 2015 and 2016 forecasts by 5 percent and 7 percent, respectively. The analyst explains that increased demand in the current quarter is being driven by China and other emerging markets.
Meanwhile, the next iPhone cycle is looking like another great one, thanks to survey results indicating "strong demand from existing iPhone users, with nearly half of the installed base planning to upgrade in FY16."
And it's not just the iPhone that could be set to impress.
Morgan Stanley reports that in the U.S., demand for the Apple Watch has increased by some 60 percent since March.