American multinational technology company Apple logo and store seen in Ginza.
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Apple at its current level offers a strong buying opportunity for the long term, according to Morgan Stanley.
The Wall Street firm’s Apple analyst Katy Huberty — the 2020 No. 1 ranked technology hardware analyst by Institutional Investor — said some investors are concerned about declines in the iPhone’s cycle and a downturn in the work-from-home demand. However, Huberty said neither of the concerns are valid.