In a note to investors seen by AppleInsider, Ives continues to see the coronavirus as less of a permanent problem for Apple and the iPhone, and more of a timing one. Instead of investors looking at the short-term impacts, Ives says that investors should consider the solidity of Apple’s Services business, and what a 5G “iPhone 12” will bring to the table for consumers.
“This remains a major hand holding time for investors in Apple and clearly there will be some speed bumps along the way as Cupertino navigates the coronavirus outbreak, writes Ives. “However, we continue to focus on the golden installed base, pent up iPhone upgrade demand activity, and 5G super cycle on the horizon as core components of our bull thesis, along with the $50 billion+ annual services business.”
