Apple Bull Case Puts $2 Trillion Valuation In Reach – Wedbush

Apple Inc. (AAPL) – Get Report could be worth as much as $2 trillion by the end of next year, analysts at Wedbush said Tuesday, arguing that an upcoming ‘supercycle’ in iPhone sales from the rollout of 5G networks could lift shares past the $400 mark.

Wedbush analyst Dan Ives, who carries an outperform rating on the world’s biggest tech company with a $350 price target, says Apple is in the early stages of a “massive upgrade opportunity”, thanks in part to 5G network plans that will boost iPhone sales, which he thinks could rise to between 200 million and 220 million units. 

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