it's pretty obvious that Apple is trying to push new things during times of the pandemic, but alas that won't help now, the world is in crisis, and therefore for the short run, Apple stock will go down, even below the gap play. But, overall, Apple has new stuff to offer: new iPhone, Arm based Mac Pros, and new iPad line ups next year. Overall, Apple will keep on pushing new tech as time goes on, and therefore the stock will reach 150$ easily. Fundemantally Apple looks too good, but if they won't raise their dividends, they will have to do some share-buy back to justify the price for the shareholders.
How long out is this? I have a similar prediction.
shanytc
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@Myantman101, im pretty sure its around 6+ months period, the thing with corona virus is that everything is still unknown atm, but the overall grows should be in that time period. companies like apple doesn't grow that fast, like for example TSLA in that matter.
tomolovegrove
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Do you really think they will do share buy back??? All of the major tech companies hate Trump. Stock market crash before election will make Biden look better.
shanytc
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@tomolovegrove, to please shareholders, APPL has to either raise dividends or buy back shares... unlike AMAZON who does't care much about its shareholders, they do not provide dividends, splits or buybacks, most of the money goes to R&D, and acquiring more labour, opening new storage houses...etc.