In 2018, Apple became the first publicly traded company to reach a market cap of $ 1 trillion. Some analysts are turning their attention to the next $ 2trillion mark, including Amit Daryanani analyst at Evercore ISI.

Specifically, Daryanani focuses on Apple's continued growth in current businesses, rather than "the company suddenly jumping into a new broad market."

According to Daryanani, one of the key factors is that Apple's Services and Wearables business will continue to grow. In the Wearables business, the analyst expects to increase to $60 billion, thanks to the expansion of AirPods and Apple Watch. Services may also increase to US $100 billion.

The Services business marked an important focus because it brought Apple higher margins than others. Besides, the Services segment is also growing faster than the rest of Apple.

Daryanani also emphasized that Apple will continue to actively buy back its own stock. The analyst said that the company will reduce about 1 billion shares during the forecast period, from 4.6 billion at the end of fiscal 2019 to 3.6 billion in fiscal 2024. At that time, their capital market chemistry will reach $2 trillion if the stock price exceeds $550.
Axact

AndroBliz

Welcome to AndroBliz, the apprise in technology. While we serve you with daily pizza in terms of updates, do hook up with us on our social media platforms below.

Post A Comment:

0 comments: