Shares of Apple Inc.’s AAPL,
rose 0.3% in premarket trading on Friday, putting them on track to open in record territory, after Wedbush bullish analyst Dan Ives claimed that underlying iPhone demand continues having a strong look before the release of the new version. Ives said controls across the Asian supply chain for the second half of the year continue to indicate that iPhone construction is between 130 and 150 million. “The iPhone 13 appears to account for between 35% and 45% of iPhone versions during the third quarter, this positive outlook gives us greater confidence that the 2021 launch schedule will be‘ normal, ’” Ives wrote. in a note to customers. He believes the iPhone 13 will launch in the third week of September. Ives said he remains “very bullish” on tech stocks and that Apple shares are the best. He reiterated that he had outperformed his stock market rating for at least the past three years and his $ 185 stock price target and said he expects Apple’s market capitalization to reach $ 3 trillion in the next few years. six to 12 months. Shares, which closed Thursday with a record $ 153.65, representing a market capitalization of $ 2.54 trillion, have risen 24.4% in the past three months, while the DIA Jones Industrial Average DJIA,
has gained 2.5%.