Securities firm Wedbush released a note to clients today noting that Apple is seeing “stellar” demand for the iPhone 13 series. Analyst Daniel Ives, who covers Apple for Wedbush, said that while Apple had been impacted a little by the global supply chain shortage, Ives says that the improvements that Apple has been able to achieve in procuring parts suggest not only a strong June quarter ahead for the iPhone but also strength for the next iPhone release too.
Wedbush expects 30 million iPhone SE units to be sold this year
In a note to Wedbush clients, the analyst wrote, “Taking a step back, while the risk of dynamic in the market has been front and center for tech investors with Apple’s stock also under pressure thus far in 2022 along with other tech stalwarts, we believe the company is setting up for a monster growth cycle over the next 12 to 18 (months) that is not baked into shares at current levels.”
