Morgan Stanley Sees 2008 Upside for AAPL -- Cites Steve Jobs Jet Costs |
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Apple posted a 170% year-over-year increase in CEO Steve Jobs' jet expenses during the December 2007 quarter, and Morgan Stanley cited that and a 34% year-over-year R&D increase as signs that Apple has some meaningful product launches ahead. Apple was kind enough to oblige the investment banking firm by upgrading its mobile line shortly after the research note was published
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