Apple is like a freight train at the moment, tech analyst says

▤ Summary

"The interesting thing with Apple is its like a freight train at the moment," Wood told CNBCs "Squawk Box Europe" on Friday. "Thats an astonishing install base, which gives them tremendous momentum," Wood said, adding that he expects the number to climb past 2 billion toward the end of 2022. In an interview with CNBCs Julia Boorstin Thursday, Apple CEO Tim Cook acknowledged that inflationary pressures are affecting the company. On an earnings call with analysts, Cook expanded on how inflation is affecting Apples business and gave an example of shipping costs. "Were seeing inflation and its factored into our gross margin and opex [operating expenses] that [Apple CFO] Luca [Maestri] reviewed with you earlier," Cook said.

▦ Linked Companies

Apple Inc.

$1B+