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 are the two main factors contributing to Apple's stock performance according to the text?

How many iPhones are estimated to be upgraded over the next few years?

What is the price target mentioned for Apple shares?

What is the potential downside risk if 5G does not perform as expected?

What percentage of revenue does the speaker believe should come from services to reduce cyclicality?