5G iPhone is expected to help Apple’s stock price reach a record high, with a market value of $ 1.26 trillion
Editor’s note: This article is from Tencent Technology.Apple shares rose $ 4.56 on Monday, an increase of 1.63%, to close at $ 284.00.The company’s share price hit a record high of $ 284.25, a record high.In the past 12 trading days, Apple’s stock price has hit record highs eight times.According to foreign media reports, with the market expecting that Apple will launch a 5G version of the iPhone next year, the company’s stock price reached a record high on Monday, with a market value of $ 1.26 trillion, further consolidating the position of the US’s highest-value listed company.Apple shares rose $ 4.56 on Monday, an increase of 1.63%, to close at $ 284.00.The company’s share price hit a record high of $ 284.25, a record high.In the past 12 trading days, Apple’s stock price has hit record highs eight times.Based on Monday’s closing price, Apple’s market value has reached $ 1.26 trillion.In the past year, Apple’s stock price has increased by more than 85%, the S & P 500 Index has increased by 33.3%, and the Dow Jones Industrial Average has increased by 26.8%.According to data provided by IBD MarketSmith, the company’s stock price has been running wildly since it broke through the $ 221.47 platform on September 11.Apple’s current stock price has far exceeded the 20% -25% profit range of the buying point.Dan Ives, an analyst at U.S. securities firm Wedbush Securities, reiterated Apple ’s “outperform” rating in a research report released on Monday and raised its target share price from $ 325 to $ 350.The 5G iPhone will start a new round of “super upgrade cycles.”This target share price is the highest target share price given by 49 analysts counted by Bloomberg, which is 25% higher than Apple ’s closing price of $ 279.44 on Friday.Apple faces many challenges in early 2019, including a global patent litigation battle with Qualcomm, smartphone competition, reduced demand in China and insufficient 5G innovation.Today, the situation in the Chinese market has improved, and Apple has reached a lawsuit settlement with Qualcomm and pushed the iPhone 11 to the market.”We think the iPhone 11 is just the front end of Apple’s current ‘super cycle’. As a series of 5G smartphones will be released next September, this will open the door to a full upgrade of the iPhone, and Wall Street still underestimates this,” IveSri Lanka said in the research report.Wedbush analysts predict that Apple will launch five iPhones in 2020. “Survey of suppliers indicates that the overall sales of new iPhones are expected to increase by double-digit percentages year-on-year.” Ives said, “We believe 200 millionShipments may be the starting point for Apple’s 5G smartphone demand, because about 350 million iPhones in the current 900 million user base are in the window of upgrading. “Ives also said that in addition to the 5G version of the iPhone, the superOutside the cycle, Apple’s services business and wearables will also continue to grow in 2020.In addition, short-term catalysts for Apple’s stock price include performance during the holiday shopping season.Ives said in a research report that the iPhone 11 series, AirPods wireless headphones and Apple Watch are the best-selling electronic products this holiday shopping season.Given Apple’s recent strong momentum in multiple business areas, analysts at Cowen Equity Research have increased their confidence in the stock.The company raised Apple’s target share price to $ 325 last week and gave it a “outperform rating”, believing that the loss of Chinese market share may be offset by the increase in Indian market share.Cowen Equity Research pointed out in its research report at the time that the upcoming iPhone, booming wireless sales and growing service revenue are expected to be the near-term catalyst for Apple’s stock price.In addition, Apple management successfully implemented a stock repurchase program in 2019.This has created a continuing dynamic. Active fund managers who used to reduce their holdings in the company’s stock are now rushing to maintain their benchmarks and, under more limited availability, switch to holding equal-weight stocks.Cowen Equity Research predicts that iPhone sales will increase by 3% to 197 million units in 2020, which is expected to drive revenue of US $ 147 billion, and iPhone SE2 will make a huge contribution.At the same time, the company expects Apple Services to grow by about 16% in 2020 to reach 57 billion U.S. dollars; AirPods revenue will reach nearly 4 billion U.S. dollars.Cowen Equity Research estimates that Apple’s earnings per share for fiscal 2020 and fiscal 2021 are expected to be $ 13.54 and $ 15.65, respectively..
