Ives points out that tech demand is likely a bit more resilient than tech bears forecast. But Apple will also have troubles stemming from a faltering macroeconomic environment and a mangled supply chain. Apple has even engaged in corporate layoffs, which suggests at least some troubles afoot. Despite all this, Wall Street remains squarely in Apple's corner. Apple shares are considered a Strong Buy by analyst consensus. Said shares also offer 36.32% upside potential by virtue of a $176.70 average price target. Disclosure