Wedbush’s Daniel Ives puts an ! on Apple’s Q2 (video)

“This is a dream scenario for the bulls… The supercycle is alive and well.” –Ives on CNBC

My take: A quarter made for Ives’ surperlatives.

See also: Apple’s explosive March quarter in five easy charts

CORRECTION: An earlier version of this item had Ives’ remarks from a year earlier.

10 Comments

  1. Roger Schutte said:
    Philip, you’ve linked to an old video from before the stock split. 😉

    6
    April 28, 2021
    • Ralph McDarmont said:
      Rodger. Nice editing, but the message and reality are clear. AAPL is stomping. This has been going on for so long that it is hard to keep everything straight. One thing is sure: Apple is cruising and will continue upward. Always has and reasonably expected to continue. Great leadership Tim/Steve and the best group of engineers and designers on the planet. I am a thrilled investor and consumer.

      3
      April 28, 2021
    • Ralph McDarmont said:
      Roger. Nice editing if correct. I have enjoyed a few splits. But the message and reality are clear. AAPL is stomping. This has been going on for so long that it is hard to keep everything straight. One thing is certain. Apple is cruising and will continue upward. Always has been and reasonably expected to continue. Great leadership thanks to Tim/Steve and the best group of engineers and designers on the planet. I am a thrilled investor and consumer.

      2
      April 28, 2021
    • Charles A. said:
      Yep. “BLOWOUT QUARTER” should be in PED’s headline.

      2
      April 28, 2021
    • Fred Stein said:
      Thanks for the link Robert.

      2
      April 28, 2021
  2. Michael Goldfeder said:
    These numbers are so good that it’s possible even Toni Sacconaghi might even raise his opinion on the stock to neutral. That’s the equivalent IMO of hell freezing over.

    4
    April 28, 2021
  3. Jerry Doyle said:
    Apple will be a $200 stock price at end of Q2 2022. Look & listen what Apple is saying to us all by “accelerating” its humongous investments in the USA. Just this week Apple announced an additional ½ trillion investment in the US. And now we see the numbers from Q2 2021 that in every friggin’ category all seem unbelievable! Apple just didn’t blow out its quarter, it “roasted” its quarter.

    Can’t analysts see what is unfolding before their eyes? All this is unfolding before us and it says unequivocally that Apple’s growth trajectory is robust & growing faster. As one commenter wrote earlier, Apple is no less than another government stimulus plan for the US economy. As David Drinkwater responded to me the other day when I commented on this observation: “…You are definitely right here, Jerry: If Apple leadership are investing in Apple or AAPL, it is because ‘they’ (emphasis added) think the long-term horizon is pointing upward. My eyes now are “popping” to see the results from the coming Q1 2022 when the M1s and the M2s all are hitting the shelves for the Christmas Holidays. Apple is going to have one fantastic 2021 CY that will carry right over into 2022. And remember, many of these purchases are new Apple consumers coming into the installed base! Summary: Apple is heading to $200 by Q2 2022.

    4
    April 28, 2021
  4. Fred Stein said:
    Two items deserve more attention.

    India are just entering the bottom of adoption curve. While small now, it has big long term growth.

    The strength of iPads and Macs likewise foretells long term growth, especially among youth and global markets. Imagine how many people, world wide, will buy their first tablet or “PC” and choose Apple. With the M1 and follow-on chips, Apple will crush.

    5
    April 28, 2021
  5. bas flik said:
    US of Apple is a fact now. Tim Cook is the new leader of the western world.
    Apple ecosystem can grow as big as facebook.
    2 billion people to go.

    1
    April 29, 2021

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