Apple: 4,000 billion capitalization in sight, according to Wedbush

(CercleFinance.com) - Wedbush reaffirms its 'outperform' rating and $300 price target on Apple, deeming it 'on track to reach the $4,000 billion market capitalization threshold by early 2025, and to be the first member of this exclusive club'.


'We would characterize demand for the iPhone 16 so far since its launch in September as slightly above or generally in line with expectations overall', the broker points out in particular.

According to the broker, the company "should experience a strong holiday season ahead, with updates for the iPhone 16 across its installed base moving favorably in the run-up to Christmas", based on its recent assessments of the supply chain in Asia.

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