From Nasdaq, Inc.:

Apple Inc. faces doubts ahead of Q1 results, but analyst Daniel Ives expects a beat. Key areas of interest include iPhone revenue and Services segment performance. Investors are also eager for insight into Apple’s performance in China. Despite competitive pressures from Huawei, there are upgrade opportunities for iPhones in the Chinese market.

Ives forecasts growth in iPhone units and an increase in the average selling price. Apple is poised to maintain its position as the world’s biggest smartphone maker and is expected to sell over 600,000 Vision Pro headsets in 2024. The demand for Vision Pro headsets is growing, and Ives predicts future models will be more affordable and have various form factors.

As important, Wedbush maintains an Outperform rating and $250 price target for Apple stock. Despite ending Tuesday’s session down 1.92%, it’s still a strong indication of the optimism surrounding Apple’s future.



Read more: Apple Faces ‘Prove Me’ Moment With ‘Bear Noise Building’ Ahead Of Q1 Results, Says Bullish Analyst