



"Apple R&D (reported + capitalized) grew faster in the last three quarters than at any time in the company’s recent history," Huberty explained. "This line item has proven to be a clear indicator of future product cycles that drive fundamentals and stock performance."
Among the potential near-term demand catalysts listed by the Morgan Stanley analyst in her note to clients were rising demand for digital convergence products like Apple TV, increased demand for high-end consumer PC functionality, and opportunities to expand internationally. You can read more [url=http://www.appleinsider.com/articles/08/01/25/morgan_stanley_advises_investors_not_to_bet_against_apple.html]here[/url].
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