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.

How has Apple's strategy in the services business contributed to its growth?

What impact does the current economic recession have on the demand for high-priced Apple products?

What factors are contributing to the pent-up demand for iPhones?

In what ways is Apple expected to monetize its upcoming product cycle?

What are the key elements that could lead Apple to reach a $2 trillion market cap?