iPhone12

Now the big question appears to be whether Apple will be able to keep up with the iPhone demand. Some processors and other components may still be in short supply as factories continue to try to catch up with the backlog caused last year’s pandemic-driven shutdowns.

Wedbush Securities analyst Daniel Ives said he believes that if the momentum continues to build, Apple could become the first U.S. company to be valued at $3 trillion. It already boasts a market value of $2.4 trillion, more than doubling from just a year ago.