Why Wedbush Raised Its Apple Price Target to $245

The transcript discusses Apple's stock performance, focusing on its rating and price target. It highlights the economic situation in China, noting stabilization at low levels. The conversation shifts to Apple's growth strategy, emphasizing services and the upcoming 5G cycle. Future projections for Apple are discussed, including potential challenges and growth opportunities.

What factors are contributing to the current performance of Apple's stock?

How significant is the transition of generating less than half of quarterly revenue from the iPhone?

What is the current economic situation in China as discussed in the text?

What are the implications of the stabilization in China for Apple's future growth?

What does the term 'super cycle' refer to in the context of Apple's products?