Wedbush raises AAPL to $185, predicts $3T market cap by early 2022

Wedbush has raised its AAPL price target to $185 after Apple reported “drop the mic” March quarter earning results that the bank says backs up its iPhone 12 “supercycle” thesis.

Credit: Andrew O'Hara, AppleInsiderCredit: Andrew O'Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsiderCredit: Andrew O’Hara, AppleInsider

In a note to investors seen by AppleInsider, analyst Daniel Ives characterizes Apple’s Q2 2021 as “one for the record books.” The analyst says Apple crushed Wall Street expectations across the board.

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