If that cash is used elsewhere, Moskowitz - who has Apple as Equal Weight - says it could be a "sell on the news event" should the capital returns to shareholders be merely in line with forecasts.
Apple's 3D Touch technology will be dropped from future iPhone models as the company works to drive down costs, according to a Tech Times report. It's also under pressure in China, where some consumers are shunning pricey iPhones and local rivals like Oppo and Vivo are grabbing market share.
Apple Tuesday is expected to report fiscal second-quarter iPhone unit sales grew just over 2 percent from a year earlier.
Wall Street expects US$8.4 billion in services revenue this quarter, according to a Thomson Reuters average of 17 analyst estimates. One of these upcoming variants will be the 6.1-inch iPhone model that will use the same features of the iPhone 8 and the current iPhone X flagship. Since then, a series of analysts have slashed their estimates for iPhone shipments. Apple might be planning to unveiling it at its yearly WWDC conference which is going to take place from June 4 - 8.
Apple has released iOS 11.3.1 for the iPhone, iPad and iPod Touch. The iPhone X will get its successor a grossly similar format with a 5.8in OLED. Still, he warned that the days of 15% annual iPhone growth are over.
Apple plans to add the CGS technology to OLED iPhones in 2019. Even though the iPhone X starts at $999 and the iPhone 8 starts at $699, the iPhone X only costs around $115 more to produce.
It also means that Apple would hit guidance. That could bring the price close to $700, a level that's proven successful for many years. The information from the KGI analyst, first spotted by MacRumors, reveals that Apple's 6.1-inch smartphone will come with a different display. He and other analysts cut their iPhone sales estimates, and Apple shares where are down nearly 8 percent in the past two weeks.
One of the phones is rumored to be an iPhone X upgrade while the other is said to be an affordable version.