The Globe and Mail reports in its Friday edition that Wedbush's Dan Ives has reaffirmed his "outperform" ranking for Apple. The Globe's David Leeder writes that Mr. Ives advanced his Street-high share target to $325 from $300 (all figures U.S.). Analysts on average target the shares at $243.85. Mr. Ives says, "A golden era of growth for Cupertino is now on the horizon." He says in a note: "We believe Apple is heading into a multi-year AI driven iPhone upgrade cycle that is still being underestimated by the Street. Rome wasn't built in a day and neither will Apple's AI strategy but the seeds of that strategy with Apple intelligence are now forming and will transform the Apple consumer growth narrative over the coming years. We estimate that with hundreds of apps in development around Apple intelligence that in essence creates a new multi-billion annual services revenue stream will be another growth catalyst along with catalyzing iPhone upgrades across the board over the next 12 to 18 months. We believe Apple is on pace to reach the $4-trillion market cap threshold and be the first member of this exclusive club. ... We believe there are 100 million Chinese iPhones in the window of an upgrade opportunity alone for 2025."