Wedbush reiterates bullish rating on Apple stock, citing holiday iPhone demand

Yahoo Finance Live’s Brian Sozzi reports that a Wedbush analyst has reiterated an Outperform rating on Apple stock, citing holiday iPhone demand.

Video Transcript

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BRIAN SOZZI: Before we head to break, let’s pull up shares of crowd favorite Apple. Wedbush analyst Dan Ives is out reiterating his outperform rating on Apple citing the potential for strong demand this Black Friday week, says friend of the show Ives. We believe demand for iPhone 14 units into the all important Black Friday holiday weekend is way ahead of supply and could cause major shortages leading into the Christmas season.