10:48 AM EDT, 10/21/2025 (MT Newswires) -- Apple ( AAPL ) has finally found success with the iPhone 17 and is poised to join the $4 trillion market capitalization club, with fiscal Q4 revenue on Oct. 30 likely to beat estimates, Wedbush said in a note emailed Monday evening.

Wedbush analysts said their checks in Asia have shown strong iPhone demand globally, including further improvement in China, which has been a persistent drag on growth that has now reversed to become a positive.

The Street's fiscal Q4 revenue estimate of around $102 billion is "very beatable" based on the strength of the iPhone 17 cycle, along with the company's double-digit services growth, the analysts said. They added that the Street is still underestimating the cycle, with 315 million iPhone users not upgrading their phones in the last four years.

Investors are waiting for Apple's ( AAPL ) roadmap for artificial intelligence, the analysts said, adding that the timing is right for the company to accelerate its AI efforts through outside partnerships. Apple ( AAPL ) will likely double down on an AI-related partnership with Alphabet's (GOOG, GOOGL) Google Gemini with an integration into the iPhone ecosystem, according to the note.

AI monetization could add $75 to $100 per share to Apple ( AAPL ), as there is no "AI premium" factored into current stock prices, which makes it a "compelling large cap" tech stock for investors to own through 2026, the analysts said.

Wedbush maintained the company's stock rating at outperform and price target at $310.

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