Apple passed $2 trillion this week, but one bullish Apple analyst doesn’t think the stock is anywhere near its limits. In a note published Friday, Wedbush analyst Dan Ives wrote to clients that he thinks Apple has “a lot of gasoline” left in the tank.
Ives predicted Apple could reach as high as $600. Currently, AAPL is trading at $473.10, defying the overall market with its upward trajectory.
Sometime in 2021 Apple will be the world’s first $2 trillion company, predicts Wedbush analyst Dan Ives in his latest note to clients.
Ives — one of the most bullish of Apple investors — believes that Apple’s “5G tailwinds and services momentum” has the potential to push it past the $2 trillion market cap.
According to Wedbush analyst Dan Ives, Apple has overcome whatever delays it faced in manufacturing the iPhone 12 and, as of now, the devices should debut in September as planned. Shipping would take place early the next month.
While that’s marginally later than last year’s launch date, it suggests that Apple has managed to claw back its schedule after coronavirus rocked the supply chain earlier this year.
Apple has yet to announce official numbers for Apple TV+ subscribers, but Wedbush analyst Dan Ives think he has some answers. According to Ives, Apple’s streaming video service currently has between 30 million and 40 million subscribers.
However, he says the “vast majority” of these Apple TV+ subs are unlikely to be paying $4.99 per month. Instead, they’re taking advantage of the year’s free subscription thrown in because they bought a new iPhone, iPad, Mac or Apple TV. The analyst says he’s confident that things could pick up, though.
The next three months are going to be crucial in determining Apple’s year ahead, Wedbush analyst Dan Ives writes in his latest note to clients, as seen by Cult of Mac.
In a message sent Sunday, Ives lays out his thoughts on best- and worst-case scenarios for Apple over the next few months amid fallout from the coronavirus pandemic. The results likely will have a major impact on Apple going forward.
Wedbush analyst and Apple enthusiast Dan Ives isn’t worried about the impact of the new coronavirus outbreak on Apple’s share price. At least, not yet. In an interview for CNBC show Squawk Box, Ives said he views any dips in Apple’s share price as “buying opportunities.”
And he’s not alone in being optimistic at a time when lots of others are nervous.
Apple could be a $2 trillion business by the end of 2021, bullish Apple analyst Dan Ives of Wedbush claims.
If so, this would be a massive leap from Apple’s current market cap of $1.38 trillion. And it would be all thanks to momentum in Apple’s Services division, alongside the impending launch of a 5G iPhone.
2020 promises to be a great year for Apple, according to Wedbush analyst Dan Ives. In a message to clients, Ives describes 2019 as an “historic year” for Apple. Not only has Apple come out on top this year, but he thinks next year could be even better.
And he’s slapped the highest price target on AAPL as a result.
‘Tis the season to run around in a fruitless battle to find AirPods in time for the holidays, notes Wedbush analyst Dan Ives in a message to clients.
Ives thinks that a surge of demand means there will be a shortage of AirPods headphones this holiday season. In total, he thinks Apple could ship a total of 65 million AirPods in 2019 — and things will only ramp up in 2020.
If Apple spun off its Services division as its own company, the business would be worth between $400 billion and $450 billion, according to a new analyst report.
To put that number in perspective, it’s more than twice the value of Netflix — and only $100 billion less than Facebook.
When Apple passed the $1 trillion valuation earlier this year, you could be forgiven for thinking you’ve missed your chance to invest. Not so, claims tech Dan Ives of Wedbush Securities. According to the bullish Apple pundit, the company could see a massive 40 percent surge this year.
AAPL currently trades at $219. According to Ives, however, by this time next year you should be expecting it to trade at $310. Here’s why.
