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c.: 2017 =op Pick with Growing List of Catalysts Katy L. =uberty, CFA — Morgan Stanley January =, 2017
.com/img/cs/spacer.gif> <http://www.morganstanley.com/> EFTA_R1_01405791 EFTA02386165 Apple, Inc.: 2017 =op Pick with Growing List of Catalysts Katy L. =uberty, CFA — Morgan Stanley January =, 2017 10:00 PM GMT The market is focusing too =uch on near-term supply chain noise and not enough on three
www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley August 1, 2018
www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley August 1, 2018 2:18 AM =GMT We see more=upside than downside risk to the upcoming iPhone product cycle and a buildi=g
www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley April 20, 2018
www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley April 20, 2018 4:01 AM =GMT We forecast=in-line March Q but see downside to June consensus estimates following iPho=e
<http://www.morganstanley.com/img/cs=spacer.gif> Katy L. Huberty= CFA — Morgan Stanley April 20, 2018
<http://www.morganstan=ey.com/img/cs/spacer.gif> <http://www.morganstanle=.com/img/cs/spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> Katy L. Huberty= CFA — Morgan Stanley April 20, 2018 4:01 AM =GMT We forecast=in-line March Q but see downside to June consensus estimates following iPho=e
www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley March 22, 2018
www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> <http://www.morganstanley.com/img/cs=spacer.gif> &nb=p; Katy L. Huberty= CFA — Morgan Stanley March 22, 2018 4:01 AM =GMT As Apple's p=ospects for generating outsized iPhone growth fade as the handset market ma=
Entities connected to both Katy Perry and Katy L.

Jeffrey Epstein
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Richard Kahn
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Marc Rich
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Prince Andrew
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Apple
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Morgan Stanley
ORGANIZATIONthe "Municipal A
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ORGANIZATIONStanley Smith Barney LLC
ORGANIZATIONMorgan Stanley Wealth Management Not Acting as Municipal Ad
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