During intra-day trading today, Apple’s stock touched an all-time high of $145.09 per share, before closing the day up 2.7% at $142.92 per share.
According to Wedbush Securities analyst, Daniel Ives, he told investors in a note Wall Street “is anticipating robust results from Apple on Wednesday after the bell with Cupertino expected to handily beat Street estimates across the board.”
Ives also raised his price target for Apple to $225, up from $200.
“We strongly believe the iPhone 12 supercycle hype has become a reality with this week giving the Street its first glimpse of underlying iPhone 12 demand and key commentary from CEO Tim) Cook looking ahead into the next few quarters,” added Ives.
The Wedbush analyst believes Apple could sell over 240 million iPhones in fiscal year 2021, noting a market cap beyond $3 trillion might be possible over the next 12 months.
Other articles in the category: News
WhatsApp for iPhone to Get New Video Messages Feature
WABetaInfo has reported that WhatsApp recently submitted a new update through its TestFlight beta program, updating the version to 126.96.36.199. According to the business version of WhatsApp, the Meta-owned app is developing a feature to send video messages, which will be included in a future app update. The latest WhatsApp beta for iOS 188.8.131.52, shows...
B.C. Invests $75 Million in Highway Cell Coverage for Safer Travel
The government of British Columbia is making a significant investment in new cellular projects to improve safety for travellers along key transportation routes throughout the province. This initiative demonstrates the province’s commitment to enhancing connectivity and ensuring access to essential services, especially in remote and rural areas. "Access to cellular coverage is important when on...
Epic Games Uses iPhone to Demo New Motion-Capture Animation Tech
Epic showed off its latest tech which needed just a few minutes to generate impressively real facial animation from a simple head-on video shot on iPhone.