Apple has the chance to be a $1.5 trillion behemoth, analyst says (APPL)

Apple's valuation can approach the $1.5 trillion level, Wedbush analyst Daniel Ives said Friday.
Apple released three new iPhone models in September and discontinued all other older versions, which can help capture the underlying demand among customers that have decided to bypass previous models, Ives said.
China consumer demand is a key driver, he added.
iPhones, Apple Watches, and wireless AirPod headphones are not included in President Donald Trump's tariffs on $200 b