Wedbush's Ives Sees Apple Shares Breaking Out, Possibly Above $350

The video discusses Apple's stock performance, focusing on its current trading range and the impact of the 5G super cycle. It highlights the potential for a significant upgrade cycle among iPhone users and the market's evolving sentiment towards Apple's stock. The discussion also covers the risks associated with the 5G rollout and the opportunities it presents. Additionally, the video examines Apple's services revenue as a means to reduce the company's reliance on iPhone sales and achieve greater stability.

What is the expected impact of the 5G super cycle on Apple's iPhone install base?

• All iPhones will be upgraded.

• A third of the iPhones will be upgraded.

• Half of the iPhones will be upgraded.

• No iPhones will be upgraded.

What was the price target for Apple after the 86% run-up in 2019?

• $300

• $400

• $330

• $350

What is the potential downside if the 5G cycle does not succeed?

• There will be no impact on Apple's stock.

• Apple will lose all its market share.

• Apple will stop producing iPhones.

• There will be speed bumps creating opportunities in the stock.

What percentage of Apple's revenue is still derived from the iPhone?

• Less than 25%

• More than 50%

• More than 75%

• Exactly 50%

What is the projected valuation of Apple's services segment?

• $500 to $600 billion

• $100 billion

• $200 billion

• $1 trillion