iPhone 12 demand could help Apple reach $3T valuation by end of 2021

The high popularity and sales of the iPhone 12 will continue throughout 2021, according to analysis by Wedbush, a factor that could give Apple a market capitalization in excess of $3 trillion by the end of the year.The iPhone 12 is in the midst of what analysts would refer to as a 'supercycle,' with Apple enjoying high sales of its latest smartphones. In a note to investors seen by AppleInsider, Wedbush thinks Apple will do better this year than what it believes Wall Street is anticipating.Wedbush analysts Daviel Ives and Strecker Backe reckon 'based on the current trajectory and in a bull case,' Apple might sell 'north of 240 million units,' with a possibility of hitting an 'eye-popping' 250 million. Not only is this higher than the 220 million Wall Street reckons will be reached, but it will also beat Apple's previous sales record of 231 million units sold in 2015. Read more...