- Apple released three new iPhone models in September and discontinued all other older versions, which can help capture the underlying demand among customers that have decided to bypass previous models, Ives said.
- China consumer demand is a key driver,
- iPhones, Apple Watches, and wireless AirPod headphones are not included in President Donald Trump's tariffs on $200 billion worth of Chinese imports.
- Watch Apple trade in real time here.
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Apple has the chance to be a $1.5 trillion behemoth, analyst says (APPL)
Apple's valuation can approach the $1.5 trillion level, Wedbush analyst Daniel Ives said in a bullish note.
Visitors inspect the new iPhone XR during an Apple special event at the Steve Jobs Theatre on September 12, 2018 in Cupertino, California. Apple released three new versions of the iPhone and an update Apple Watch.
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