Apple (AAPL) announced they will begin to produce microchips for future Mac products. Equity Research Analyst, Dan Ives, explains how in-house production will give the company more control over launch dates and profitability. During an appearance on Bloomberg Radio, he discussed why Apple stock continues to grow. He believes confidence is rising due to the future release of the iPhone 12, 5g supercycle, and a potential streaming service.
For more comments from Dan Ives, listen to the full clip.