One of Apple's biggest bulls thinks its rebound this year is only the start. Here's why he thinks it's on its way to $2 trillion.
REUTERS/Carlo AllegriApple CEO Tim Cook could have something to cheer about if Wedbush's Dan Ives is right about its upcoming iPhone sales.Apple's market capitalization could hit $2 trillion within as little as two years, Wedbush analyst Dan Ives told Business Insider on Monday.The company's current valuation stands at $1.3 trillion after its stock rose 83% this year.But surging iPhone sales starting next fall are likely to send Apple's stock even higher, Ives said.Some 350 million iPhone customers are in need of an upgrade, and Apple will offer them a big inducement with its next devices - support for the new 5G wireless networks, he said.Click here for more BI Prime stories.It's been a great year for Apple investors.But if Dan Ives is right, the good times are going to continue to roll well
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