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Apple could be worth $3 trillion next year as it benefits from 'unprecedented upgrade cycle' fueled by iPhone 12, Wedbush says

12 days ago   |   By Business Insider

Karl Mondon/Digital First Media/The Mercury News via Getty Images
Apple could reach a $3 trillion valuation next year thanks to the "unprecedented upgrade cycle" its experiencing thanks to strong iPhone 12 demand, Wedbush analyst Dan Ives said on Tuesday. Apple could sell an eye-popping 250 million iPhones this year, which would break its 2015 record of 231 million units, according to Ives. "If Apple continues to execute at this pace, a $3 trillion market cap could be on the horizon over the 12 to 18 months," Ives said. Sign up here our daily newsletter, 10 Things Before the Opening Bell...
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