Why Wedbush's Ives Is Apple's Biggest Bull

The transcript discusses raising Apple's price target to 350, citing the ongoing super cycle and the potential impact of 5G over the next 12 to 18 months. Concerns about the upgrade cycle are addressed, noting that a third of the install base has not upgraded in 39 months. The potential for 400 million iPhones to be sold in the next two years is highlighted, despite valuation worries and market noise from China.

What is the key reason mentioned for raising the price target to 350?

What concerns are raised about the potential upgrade cycle for Apple products?

How does the upgrade cycle relate to the performance of Apple stock in 2018?

What is the significance of the install base mentioned in the analysis?

What factors contribute to the belief that Apple stock will continue to move higher?