wallpips

Apple a $2 Trillion Market Cap.

NASDAQ:AAPL   Apple Inc
908 views
7
908 0
Apple shares pose a conundrum even for the most bullish investors. The stock has doubled in just over 12 months, and has followed last year's 86% run by tacking on an 8% gain in the first eight trading days of 2020.
UBS analyst Timothy Arcuri reiterated his Buy rating on the stock, lifting his Apple price target to $355, from $280. The shares were down 0.2%, to $316.31 at midday on Tuesday.
Arcuri wrote in a research note that the stock's outperformance reflects anticipation of a strong 5G upgrade cycle once the new phones are announced later this year. He expects Apple to sell 196 million iPhones in the fiscal year that ends in September, up 5% from fiscal 2019, with a jump to 208 million phones in 2021. That would be a 6% increase.
"Many investors are asking us: Is all the good news baked into shares after an historic upward move over the last year and into early this year?" he wrote. "The answer from our vantage point is a resounding NO." He says the combination of a 5G-driven "supercycle" for iPhones and the Street's re-rating of the company's growing services business are a one-two punch that could drive the stock to $400 by year-end.
Apple has the potential to reach a $2 trillion valuation by the end of 2021 driven by 5G and services, Ives said. He argued that the services business alone could be worth $500 billion to $650 billion as the company further monetizes its base of an estimated 925 million iPhone users worldwide.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out