From: Richard Kahn < Sent: Tuesday, June 28, 2016 5:20 PM To: jeffrey E. Subject: Fwd: Apple, Inc.: iPhone on Track for June; Strong SE Lowers Sept Gross Margin Richard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>"Morgan Stanley" <[email protected]> Subject: =/b>Apple, Inc.: =Phone on Track for June; Strong SE Lowers Sept Gross Margin Date: =/b>June 27, 2016 at 4:06:57 AM =DT To: qb><[email protected]> Reply-To: =/b><[email protected]> 1 EFTA_R1_01343222 EFTA02357495