Wedbush raises Apple price target to $220 on continued iPhone demand

Wedbush has raised its Apple price target to $220 from $200 because iPhone demand is holding up as the company heads into its next cycle.iPhone 14 ProIn a note to investors seen by AppleInsider, Ives believes Apple has placed an initial order for 90 million iPhone 14 and iPhone 14 Pro units out of the gate. That's roughly flat compared to the iPhone 13, but hints at stable demand. Read more...