The high popularity and sales of the iPhone 12 will continue throughout 2021, according to Wedbush’s analysis, a factor that could give Apple a market cap in excess of $ 3 trillion by the end of the year.
The iPhone 12 is at the heart of what analysts would call a “super cycle,” with Apple enjoying high sales of its latest smartphones. In a note to investors seen by AppleInsider, Wedbush thinks Apple will do better this year than Wall Street believes it is anticipating.
Wedbush analysts Daviel Ives and Strecker Backe believe “based on current trajectory and in a bullish case”, Apple could sell “north of 240 million units”, with the potential to reach a …
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