1) Apple reported spectacular 15% revenue upside, equating to a $12B revenue beat. Strength came across the board. Under normal circumstances, shares of $AAPL would be up 10%+ reporting this kind of upside. The reason why it& #39;s only up 3% is the question about sustainability.

2) Prepare for deja vu regarding that concern, given it& #39;s been a bear case for the Apple story for the last 15 years. More importantly, we believe the company& #39;s sweet spot position around 5G, work/learn from anywhere, along with services, will continue the momentum through 2022.

3) Don& #39;t forget, mixed reality and something in automotive are coming in the years ahead. In our opinion, we continue to believe shares of $AAPL can reach $200 over the next couple years.