Demand for the iPhone would remain “robust” if we believed JP Morgan’s data was compiled over 20 days. IPhone 12 and 12 Pro sales are reportedly still doing very well after the holiday season. Wedbush analyst Daniel Ives shares the same view as his colleague, noting that returns from the Asian supply chain “have surpassed even our worst case scenario for units sold in 2021, given the current trend , Editor’s note) in the coming months ”.
In other words, the iPhone 12 and 12 Pro would still excite buyers and could, to some extent, avoid the sharp “traditional” declines in Q1 (Q2 Fiscal) and Q2 (Q3 Fiscal). The Wedbush analyst is so optimistic that he sets a price target of $ 160. This is an absolutely staggering amount for a stock that was worth around $ 100 just 6 months ago.