With a current valuation of $1.4 trillion and climbing, analyst Amit Daryanani thinks the world's most valuable company could be the first to hit $2 trillion.
China, the world's largest smartphone market, has been nothing short of a moving target for Apple. A salvo of shots fired by top analysts this week only evidences one thing: the only near-term certainty with Apple and China may be more uncertainty.
High demand for Apple's flagship AirPods Pro and better than expected sales of the iPhone 11 in China are leading the charge in the holiday quarter, with one investment company setting a target price for Apple stock of $305.
Apple delivered record revenue in its holiday quarter, but went about it in a way different than investors expected, leaving analysts to rethink their so-called "super cycle" predictions for iPhone X unit sales growth. But with the average selling price of new iPhones soaring to unexpected highs, analysts remain bullish on the company's prospects in the months to come.
New data collected from prospective iPhone buyers in China by an investment analyst suggests that demand for the 256GB iPhone X remains outstanding — which will lead to a massive quarter for Apple.
With a better-than-expected iPhone 8 launch quarter, and a highly anticipated debut for the flagship iPhone X, investors on Wall Street are riding high on Apple stock, pushing shares into uncharted territory as analysts increase their forecasts to trillion-dollar market cap levels.
While details on President Trump's proposed tax reform plan remain light, investors are hoping changes could allow Apple to bring some of its overseas cash back to U.S. shores, helping to push the company's stock price to new heights.
Apple's forecast for its next fiscal quarter was particularly strong, leading market watchers to believe that, in addition to the next-gen "iPhone 7s," the much anticipated "iPhone 8" could be on sale at the tail end of the September quarter in limited quantities, or at the very least in early October.
After the close of business on Tuesday, Apple will report the results for what is seasonally its slowest quarter of the year, with Apple and industry watchers predicting around $44 billion in revenue. But all eyes are on Apple's guidance for the fourth fiscal quarter, to see how confident the company is about the "iPhone 8" launch.