The 9to5Mac edition, citing a report by the American financial conglomerate Morgan Stanley, reported that Apple’s capitalization could grow by 15.1% in the coming year. The reason for this is the COVID-19 pandemic.
Tech companies are benefiting from the current pandemic around the world. Due to the restrictions introduced in different states, employees of many companies began to work mainly from home. This has led to increased demand for Mac computers and iPads.
“Long-term work from home supports the company’s revenue from Mac, iPad and wearable electronics sales. Our consumer survey data show that sales of computers and home appliances in the previous quarter achieved results that the company had previously achieved in 9 months. New restrictions introduced in connection with the second wave of COVID-19 have forced even more people to work from home, ” notes Business Insider.
In addition, the success of Apple is influenced by the huge sales of the new iPhone 12. Apple smartphones with 5G support have become the most popular products of the company over the past five years. According to Morgan Stanley, Apple sold over 78 million units in December. Morgan Stanley analyst Cathy Huberty suggests that at this rate, by the end of the year the company’s shares will cost in the region of $ 144- $ 152 per share. And in general, we can expect the growth of the tech sector, so according to Huberty: “Investments in Apple and related companies will be the most profitable.”
Trades Apple on Thursday closed at around $ 137 and while the rate is holding at $ 136. At the same time, on January 19, there was a drop in the value of the company’s shares to $ 127.
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