Posted 12/13/2023, 5:04:01 PM
Apple Expected to Hit $4 Trillion Value by 2024 on iPhone 15 Momentum and Services Growth
- Dan Ives expects Apple to reach $4 trillion market cap by end of 2024 due to strong iPhone 15 demand and services growth
- Forecasts 220-230 million iPhone units sold in FY24, above Wall Street estimates
- Sees upgrade activity in China outpacing expectations during December quarter
- Average iPhone selling prices heading towards $925, up from $825/$850 range
- Ives raises Apple price target to Street-high $250 based on golden opportunity to own stock over next year