The iPhone might still be Apple’s biggest product by a wide margin, but the AirPods have a good claim to being Cupertino’s MVP of the year.
Accord to Bernstein analyst Toni Sacconaghi, Apple sold $6 billion worth of AirPods in 2019. And it could sell more than double that number in 2020.
President Donald Trump’s newly announced China tariffs put a real hurting on Apple’s stock price. But don’t worry, because investors think Apple will weather the storm — and advise that you hang onto your AAPL holdings for now.
Heck, you could even buy more.
Analysts are predicting big things for Apple’s App Store business ahead of the company’s Q4 2018 earnings report coming on November 1.
Search ads from the App Store could generate over $500 million in revenue during all of 2018, according to Bernstein analyst Toni Sacconaghi. Even better, Sacconahi thinks the App Store ad business could be worth a whopping $2 billion by the end of 2020.
Apple shares may be going through a rough patch right now, but according to Bernstein analyst Toni Sacconaghi not only are the troubled times not likely to last, but Apple could see its value rise to a massive $1 trillion market cap.
Provided that it makes a change to it’s business model, that is!
Wall Street analysts can be an odd sort. Apple is seen as a red hot company producing must-have products, yet many observers of the Cupertino, Calif. tech giant are downright wet blankets when it comes to Apple’s future. Monday, a fellow analyst said pessimists predicting Apple will grow -2 percent must live in some alternate universe where up is down and iPhones don’t sell.
In an intriguing note, a Wall Street analyst suggests Samsung — you know, the South Korean company keeping Apple’s legal department in yachts and private islands — could be one of the beneficiaries of $3.4 billion Apple will spend to retool suppliers’ factories in 2012. Or Apple could just build itself a couple of state-of-the-art chip factories from scratch.
