By news@appleinsider.com (William Gallagher) Investment bank Morgan Stanley says there are signs of increased iPhone, Mac, and Services revenue for Apple, but it has cut its target price by $10.Apple ParkOne week after claiming that Apple has increased its June quarter iPhone orders, Morgan Stanley now says that there are also rises in demand for other devices. Specifically, in a note to investors seen by AppleInsider, its analysts say that Mac shipments have grown year over year, which contributes to a rising March quarter revenue.The analysts further say that the supply chain is reporting around a 5% increase for the iPad above forecasts, or 11 million units instead of 10.5 million. Morgan Stanley has hiked its forecast for Services by 1%, based on what it believes to be stronger than expected App Store performance. Continue Reading on AppleInsider | Discuss on our Forums

Source:: Apple Insider