Why Wedbush's Ives Is Apple's Biggest Bull

The transcript discusses raising Apple's price target to 350, citing the ongoing super cycle and the potential impact of 5G over the next 12 to 18 months. Concerns about the upgrade cycle are addressed, noting that a third of the install base has not upgraded in 39 months. The potential for 400 million iPhones to be sold in the next two years is highlighted, despite valuation worries and market noise from China.

What is the main reason for raising Apple's price target to 350?

• The introduction of a new product line

• The ongoing super cycle and upgrade opportunity

• A decrease in competition

• A recent merger with another tech company

How is 5G expected to influence Apple's stock in the next 12 to 18 months?

• It will have no significant impact

• It will lead to a decrease in stock value

• It will cause a temporary dip in stock prices

• It will be transformational and lead to a re-rating of the stock

What was the big bull case for Apple in 2018 that did not materialize?

• The launch of a new operating system

• A major acquisition

• A significant increase in market share

• The anticipated upgrade cycle

What is the retention rate for Apple's products mentioned in the transcript?

• 85%

• 90%

• 95%

• 100%

What is the expected number of iPhones to be sold in the next two years?

• 200 million

• 300 million

• 400 million

• 500 million