'iPhone 12' a once in a decade opportunity for Apple, says Wedbush

'iPhone 12' a once in a decade opportunity for Apple, says Wedbush

AppleInsider

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Investment bank Wedbush believes Apple has plenty of room to grow, despite the company already hitting a $2 trillion milestone market valuation, largely due to the upcoming 5G "iPhone 12" lineup.

Credit: Apple
In a note to investors seen by AppleInsider, lead analyst Daniel Ives writes that shares of Apple still have "a lot of gasoline" left in the tank ahead of the "iPhone 12" launch expected later in 2020. Ives believes that roughly 350 million of the 950 million iPhones worldwide are in an upgrade window this "super cycle" — one that the analyst calls a "once in a decade" opportunity.

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