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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
t is not acting as a municip=l advisor to any municipal entity or obligated person within the mean=ng of Section 15B of the Securities Exchange Act (the "Municipal A=visor Rule") and the opinions or views contained herein are not i=tended to be, and do not constitute, advice within the meaning of the=Municipal A
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
t is not acting as a municip=l advisor to any municipal entity or obligated person within the mean=ng of Section 15B of the Securities Exchange Act (the "Municipal A=visor Rule") and the opinions or views contained herein are not i=tended to be, and do not constitute, advice within the meaning of the=Municipal A
<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
t is not acting as a municip=l advisor to any municipal entity or obligated person within the mean=ng of Section 159 of the Securities Exchange Act (the "Municipal A=visor Rule") and the opinions or views contained herein are not i=tended to be, and do not constitute, advice within the meaning of the=Municipal A
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=
t is not acting as a municip=l advisor to any municipal entity or obligated person within the mean=ng of Section 15B of the Securities Exchange Act (the "Municipal A=visor Rule") and the opinions or views contained herein are not i=tended to be, and do not constitute, advice within the meaning of the=Municipal A
Entities connected to both Katy L. and the "Municipal A

Jeffrey Epstein
PERSON
Katy Perry
PERSON
Richard Kahn
PERSONMorgan Sta
ORGANIZATIONStanley Smith Barney LLC
ORGANIZATIONMorgan Stanley Wealth Management Not Acting as Municipal Ad
ORGANIZATION
Morgan Stanley
ORGANIZATION
Apple
ORGANIZATION
Marc Rich
PERSON
Prince Andrew
PERSONAtlas
PERSON