Apple Inc. has an iPhone 12 sale. Wedbush has surpassed Wedbush’s “bull case scenario” for fiscal 2021, based on Asian supply chain analyzes, and should spur shares with December results coming soon, analyst Dan Ives wrote in a note on Thursday . “We believe that Apple saw a strong Christmas / holiday season not only on iPhones, but also had strong performance of AirPods that will be another product tail going into 2021 for Cook & Co,” he wrote. Ives. Asian studies suggest that the supply chain expects a low build to mid 90 million iPhone units for the quarter, comfortably ahead of the 80 million to mid 80s range expected in mid-December, 75 million expected at the end of October and 65 million to 70 million fields expected three months ago, he wrote. “This is around a 35% increase from our original and Street forecasts. For the March quarter we believe that build for full iPhones was again another 5% over the last week and they are now in the 60 million to 70 million range.For June quarter we believe initial construction is in the low 40 million range with a possible upward bias.We have not seen an launch uptrend as this is in several years for Apple and is the only iPhone track similar to the iPhone 6 in 2014 based on our analysis, ”Ives said. Wall Street’s consensus is for 217 million iPhone unit sales in fiscal 2021, but Wedbush sees potential for up to 240 million units, “easily adding to Apple’s previous record of 231 million units sold in FY15.Importantly, with our estimate that 350 million 950 million iPhones worldwide are currently in an update opportunity window, we believe this will change to a unique update cycle for Cook & Co., “Ives said. Wedbush rates Apple as better than the $ 160 12-month price target and $ 200 bull issue target. Apple shares rose 0.5% pre-sale and have gained 82% in 2020, while the Dow Jones industrial average was Dow Jones,
gained 6.6% and the S&P 500 SPX,
has received 15.5%.