Continued demand for the iPhone 12 is surpassing Wedbush’s more bullish expectations, with the company expecting an Apple market cap of $ 3 trillion to be reached by mid-2022.
In a note to investors seen by AppleInsider, chief analyst Daniel Ives writes that recent supply chain controls in Asia continue to be “incrementally bullish” around demand for the iPhone 12 and iPhone 12 Pro. The current trajectory is above the Ives’ previous bullish scenario for the December quarter.
Based on these checks, Ives estimates that the supply chain’s iPhone unit is worth between 90 million and 90 million. In December, Ives predicted a number of around 80 million with a possibility of construction in the mid-80 million range.
Current iPhone unit construction figures represent a 35% increase over Wedbush and Wall Street’s initial forecasts, Ives added.
In the March quarter, Ives predicts that total iPhones shipped have increased 5% in the past few weeks and are now between 60 and 70 million. For the June quarter, early …
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