Wired
In an investor-oriented report obtained by foreign media AppleInsider, Wedbush believes that Apple’s performance this year was better than Wall Street expected. Wedbush analysts predict that the high popularity and continued hot sales of Apple’s iPhone 12 will continue into 2021, which will make Apple’s market value exceed $3 trillion by the end of the year.
In other words, Wedbush maintains Apple’s target stock price at $175 and sets its rating as “outperform the market.”
Wedbush analysts Daviel Ives and Strecker Backe believe that “based on current trends, especially in the bull market,” Apple may sell more than 240 million iPhones, and may reach an astonishing 250 million. This not only exceeded Wall Street’s estimate of 220 million, but it will also break Apple’s 2015 sales record of 231 million units.
Loup Ventures also agreed with the above view after passing a survey of iPhone manufacturers, “We believe that Apple’s market value will reach 3 trillion US dollars by the end of the year.”
Part of the reason for the good prospects is the analyst’s research survey of the Asian supply chain, which shows that demand for the new iPhone is “strong”. In addition, they estimate that 350 million iPhones are the first choice for upgrading, which may lead to an “unprecedented upgrade cycle” for Apple.
In addition, the increase in the average selling price of the iPhone is also the reason why they are optimistic about Apple’s surge, and even the iPhone 12 Pro is considered to be the most popular model in the world.
They predict that by 2021, the Chinese market will account for 20% of iPhone upgrade sources. “So far, we have seen strong growth momentum in China, and the positive trend will continue until 2021,” Wedbush said.
It is worth mentioning that Wedbush also considered the rumored “Apple Car”, calling it “the right strategic move at the right time.” As for whether Apple will launch an electric car, they estimate that the probability that Apple will announce some form of cooperation or partnership in the next three to six months will exceed 85%.
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