Apple Could Hit $2 Trillion Valuation Within a Year, Says Wedbush's Ives

The transcript discusses Apple's strategic initiatives, including its move to use its own chips in Mac computers and the launch of a Mac trade-in program. It highlights the impact of the current economic recession on the demand for Apple's high-priced products, while also noting the potential for growth due to a large number of iPhone users who have not upgraded in years. The discussion also covers Apple's market potential, projecting a $2 trillion market cap, driven by its services business and iconic iPhone franchise.

What strategic move has Apple made to enhance its Mac computers?

• Launching a trade-in program

• Introducing a new operating system

• Using its own chips

• Reducing prices

What is a significant factor affecting the demand for Apple's high-priced products?

• Increased competition

• Supply chain issues

• Economic recession

• Lack of innovation

Which market is crucial for the success of the lower-priced iPhone SE?

• India

• China

• Europe

• United States

What is the estimated worth of Apple's services business?

• $300 billion

• $400 billion

• $700 billion

• $500-600 billion

What is the projected market cap for Apple in the near future?

• $2 trillion

• $2.5 trillion

• $1 trillion

• $1.5 trillion