Even as Apple shares surge to multimonth highs, strategist Max Wolff sees further gains ahead.
"We think there's still some sweetness, and not much vinegar, in the cider here," the chief economist at Manhattan Venture Partners said Monday on CNBC's "Power Lunch."
Wolff said a growth in services outweighs drawbacks like weak iPad and MacBook sales.
"We think this is still a cash machine, still a huge margin story."
Apple shares rose to the highest level since April on Friday, days after reporting quarterly earnings and revenue that topped analysts' expectations. On Monday, it closed 1.77 percent higher but it was down slightly in premarket trading Tuesday.
Technical analyst Ari Wald of Oppenheimer said Monday the charts also look bullish.