At the start of the year, Apple achieved a first in the history of the stock market, which many thought unattainable. Thus, the capitalization of the Cupertino firm has exceeded 3,000 billion dollars.
A wind of optimism surrounds Apple
Since then, the share value has fallen a little but remains at a satisfactory level. And precisely, in an email addressed to investors, Daniel Ives, the well-known financial analyst from Wedbush, sees very solid prospects for the apple brand in 2022.
According to him, the shortage of electronic components, which still poses serious problems for large technology companies, will not prevent Apple from experiencing a “monster growth cycle" This year.
He expects an improvement in the supply chain from June. Among the good news for the Cupertino company, we find China where it has gained market share recently thanks to the iPhone 12 and 13 ranges.
These solid foundations lead Daniel Ives to assign an “Outperform” rating to Apple, whose stock, currently around $170, could well reach $200. This development would also be boosted by the services sector on which the Apple brand is placing a lot of emphasis, without however relaxing its attention on material activity.
Of course, these predictions should always be taken with caution. However, we can still note that a certain optimism surrounds the Tech giant, which is always a good point in the business world.
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By : Keleops AG
