Morgan Stanley: consumers will spend $30 billion on the iPhone X in the fourth quarter
<p>Morgan Stanley expects consumers will spend roughly $30 billion on the iPhone X in the fourth quarter, a “significant headwind” for traditional retailers as consumers will likely divert money away from spending on things like clothing, reports <a target="_blank" href="https://blogs.wsj.com/moneybeat/2017/11/01/how-the-iphone-x-could-steal-christmas/" rel="noopener noreferrer"><em>The Wall Street Journal</em></a>.</p>