One Wall Street analyst says Apple will surge 10% from current levels as the new iPhone 12 keeps growth afloat (AAPL)
Business Insider -

Apple is set to surge 10% to $350 as the iPhone 12 helps reinvigorate growth going into 2021, according to a note from Wedbush published on Tuesday.

Apple's "Teflon-like" Services business is "on track" to hit $60 billion in annual revenue next year, has held up well amid the coronavirus pandemic, and is worth between $500 billion to $600 billion, according to Wedbush.

Wedbush thinks Apple has exited the "eye" of the "COVID-19 storm" from both a demand and supply chain perspective.


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