The U.S. investment bank wedbush is seeing more and more bullish trends from its inspection of Apple’s supply chain, which has increased its confidence in the iPhone 12’s “super cyclical theory.”. In a note to investors seen by Apple insider, wedbush’s chief analyst, Daniel ives, wrote that the investment bank’s technology, media and Telecommunications (TMT) team has been conducting an up-to-date review of Apple’s supply chain since the launch of the iPhone 12 and iPhone 12 pro. According to ives, the current supply chain is expected to produce 80 million iphone12 units in the initial stage of marketing, with an extension target of about 85 million units. This is higher than 75 million before the keynote speech on October 13, and higher than the 65 million to 70 million forecast in September. < / P > < p > “we haven’t seen an upward trend in Apple’s press releases for many years, and according to our analysis, the only similar iPhone trajectory should be the iPhone 6 in 2014,” the analyst wrote. < / P > < p > based on the iPhone delivery time and supply chain inspection, Ives believes that the tracking of pre orders is twice that of the iPhone 11 product line. This shows a “strong start” for the iPhone 12. < / P > < p > before the launch of the iPhone 12, Ives expects the 6.7-inch iPhone 12 Pro Max device to become the flagship product of the line. The investment bank’s recent supply chain review seems to confirm this, as Ives said Apple and its suppliers are continuing to anticipate increased demand for the model. In conclusion, Ives reiterated that China will be a “key factor” in the iPhone launch. Globally, about 350 million of the 950 million iPhones are still in the window of opportunity to upgrade. “We believe that this will translate into an unprecedented upgrade cycle for apple,” Ives wrote. < / P > < p > the investment bank maintains Apple’s “outperforming the market” rating with a target price of $150, which is based on the classified aggregate valuation method for its fiscal year 2021 forecast. In terms of segmentation, this is based on the service 15 times, which is about $900 billion, and Apple’s hardware business is 7.3 times, which is $1.7 trillion. Global Tech