Wall Street is betting that Apple’s earnings will shrink 4%

That's a dumb bet, says Katy Huberty, given 14% growth in the markets Apple Inc. serves

FORTUNE -- The chart at right, posted before Apple's (AAPL) shares lost another $12 (2.5%) Tuesday, comes out of Morgan Stanley's "What's in the Price?" stock analyzer. It suggests that at Monday's $480 a share, the market was pricing in long...

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