Wedbush analyst Dan Ives raised Apple’s (NASDAQ:AAPL) price target to $190 from $180 and maintained its outperform rating. Ives said demand in China rebounded significantly after a weak December. Looking ahead, he is confident of strong demand, saying that “the fact that iPhone suppliers in Asia have not yet made significant production cuts is a good sign that the demand curve for Apple’s flagship iPhone 14 Pro in March/June is stable.” He estimates that about 25 percent of existing iPhone users haven’t upgraded their phones for four years or more; As people upgrade their phones to newer models, Apple’s market share will continue to increase.