After seeming to defy the general COVID-19 downturn, tech stocks have taken a dip as of late. Loup Ventures’ tech analyst Gene Munster thinks there is going to be a split in future fortunes — with some soaring back up to previous highs and others, well, not.
Apple, he believes, is going to be a big winner. And from my calculations he thinks it could be just a couple of years from another major financial milestone.
A leading Apple analyst is confident Apple will deliver its first iPhone with 5G this fall — despite a Wednesday report that suggested this year’s handsets could be delayed due to COVID-19.
“We have a different view,” wrote Gene Munster of Loup Ventures on Thursday. Muster has outlined several reasons why an iPhone refresh is still likely to come in 2020.
Apple’s supply issues for two crucial products appear to finally be getting better, based on tracking data by Loop Ventures.
Both the iPhone and AirPods are starting to ship out to customers sooner than in previous weeks as suppliers in China finally get back up to full speed. The only thing that’s unclear is whether the improved shipping times are due to China getting back to work, or because customers in the U.S. are hunkering down.
Wedbush analyst and Apple enthusiast Dan Ives isn’t worried about the impact of the new coronavirus outbreak on Apple’s share price. At least, not yet. In an interview for CNBC show Squawk Box, Ives said he views any dips in Apple’s share price as “buying opportunities.”
And he’s not alone in being optimistic at a time when lots of others are nervous.
If you’re anything like me, you perennially feel like you missed the best time to invest in Apple stock.
In fact, if Loup Ventures analyst and investor Gene Munster is correct, this may be the perfect time to invest all your worldly possessions in AAPL. According to Munster, Apple stock is poised to rocket up 70% in the next two years. That would make Apple a $1.5 trillion company.
The faster cellular data networks being rolled out now will bring tremendous benefits to Apple, according to a well-known industry analyst. Gene Munster even said today, “Apple will be one of 5G’s biggest beneficiaries.”
He listed a number of current and future products that will see gains from this nascent wireless tech.
Apple got a late Christmas gift on Wednesday, when its AAPL stock experienced the stock’s biggest rise in five years.
While AAPL is still down considerably from the $1 trillion+ high point it hit earlier in 2018, it’s a strong positive move. And one analyst thinks that Apple’s set to be the top-performing FAANG stock in 2019, too.
Most people are still leery about giving up their wallet. Only a small percentage of smartphone owners use their mobile to make purchases at brick-and-mortar stores. But attitudes are starting to change.
As a result, Apple Pay is growing strongly. Surprisingly, most of that growth is outside of the U.S.
How high can Apple’s market value go? Less than a week after it became the first company to hit the $1 trillion mark, venture capitalist Gene Munster predicts that Apple’s value will continue to climb.
What makes Apple unique to investors, Munster said, is how its hardware seems to work as a subscription business. Many iPhone users, for example, upgrade to a newer handset every two or three years.
Apple will introduce a Beats-branded $250 HomePod smart speaker at next week’s Worldwide Developers Conference, predicts Apple analyst Gene Munster.
Munster’s other predictions for the big Apple developer event include new HomePod capabilities, additional Siri abilities, extra Core ML extensions, and more.
