Last month, Wedbush analyst Dan Ives called the forthcoming milestone a "watershed event" and notes the "company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino," according to a research note.In October, Apple CEO Tim Cook said demand for Apple products was strong despite what he described as "larger than expected supply constraints." Cook said the supply issues cost the company an estimated $6 billion.
Ives also adds sales of the iPhone 13 are pacing stronger than expected with an estimated 40 million devices sold during the holiday season despite the global chip shortage. Demand should remains strong into 2022 in both the U.S. and China. Constellation Research founder and Chairman Ray Wang shares Ives' view about the trajectory of the stock.
Something is fishy about this… Apple offers three/four products to the average consumer. Can someone say sweatshops…
And still makes boring identical phones. Says a lot about consumers.
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