Apple could be worth $ 3 trillion next year as it benefits from an “ unprecedented update cycle ” powered by iPhone 12, Wedbush says

Apple could reach a $ 3 trillion valuation next year thanks to the “unprecedented refresh cycle” it is experiencing thanks to strong demand for the iPhone 12, Wedbush analyst Dan Ives said Tuesday. Apple could sell a whopping 250 million iPhones this year, which would break 2015’s record of 231 million units, according to Ives. “If Apple continues to perform at this rate, a $ 3 trillion market cap could be on the horizon in 12-18 months,” Ives said. Sign up for our daily newsletter here, 10 things before the opening bell.

The success of Apple’s iPhone 12 could set it up for a successful year leading to a $ 3 trillion valuation, Wedbush analyst Daniel Ives said in a statement Tuesday.

Ives’ Asia supply chain checks continue to indicate incrementally bullish data points for demand related to Apple’s iPhone 12. Based on the most recent checks, Ives now believes Apple has built more than 90 million iPhone units …

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  • According to this source Apple could be worth $ 3 trillion next year as it benefits from an “ unprecedented update cycle ” powered by iPhone 12, Wedbush says
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