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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Apple Becomes First U.S. Company to Reach $3 Trillion Market CapApple’s cash flow also makes the stock a safe haven during times of market uncertainty. Good job apple, you won capitalism. Mostly due to iPhone sales? Remember Apple, what good is it if China is holding your keys.
Source: NBCDFW - 🏆 288. / 63 Read more »
Apple becomes first U.S. company worth $3 trillionTech giant's 50% stock's surge in the past year has made it the first American company to reach the investor milestone. elonmusk time to KETCHUP like MAYO
Source: CBSNews - 🏆 87. / 68 Read more »
Apple becomes first company to hit $3 trillion market value, then slipsApple on Monday became the first company to hit a $3 trillion stock market value, before ending the day a hair below that milestone, as investors bet the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality.
Source: KSLcom - 🏆 549. / 51 Read more »
Apple has become the world's first $3 trillion companyApple has reached yet another major milestone. The iPhone maker topped a market value of $3 trillion Monday — the first publicly-traded company ever to be worth that much. Jest za mocna Trading has change my life at of doubts, i started trading in just 5days with the company platform, and I received my profit return directly into my bank details after my trade ended with the help of Ma’am, message Ma'am now, for more details with a click on her coinmamba11 So they sold what, 10 iPhones?
Source: cnni - 🏆 326. / 59 Read more »
Wall St gains on first trading day of 2022; Apple hits $3 trln market capU.S. stocks closed higher on Monday, with Apple Inc hitting a $3 trillion market capitalization and Tesla Inc posting bumper delivery numbers, giving investors cheer on the year's first trading day.
Source: Reuters - 🏆 2. / 97 Read more »