Dan Ives On Apple (AAPL) Headed For $4T Market Cap & Possible Sub-$30K Tesla (TSLA)
Apple (AAPL) will be the first $4T market cap by the end of 2024 given the pace of growth and monetization we estimate next year, notes Wedbush Securities’ Dan Ives. He talks about how this was a year of resilience. Regarding Apple, he highlights that we haven’t seen any negative revisions around iPhone units coming out of our recent Asian supply chain check. He mentions that they view this as a golden opportunity to own Apple for the next year given iPhone numbers and services revenues. He then goes over the outlook for Apple in 2023 and beyond. He then outlines Tesla, as they believe Tesla will introduce a sub-$30K vehicle that could change the unit volume game for Musk & co. He also looks at Tesla’s labor situation in Europe. Tune in to find out more about the stock market today.
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