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Morgan Stanley says Apple's 20% pullback is great time to buy before new iPhone release

Chinese customers look at iphones at the official opening of the new Apple Store in the Sanlitun shopping area on July 17, 2020 in Beijing, China.
Kevin Frayer | Getty Images

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Apple shares tumbled more than 20% from its record high in just a few weeks, and the pullback has created an attractive entry point ahead of the next iPhone launch, according to Morgan Stanley.

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