Will Apple reach $1000 by 2020?

Apple (NASDAQ:AAPL) is a great company that changed the world on how we communicate. Apple gives us ways to create music, make videos, share our screens with one another, and let us take amazing pictures. Their computers give us amazing graphics with the speed to accomplish great things. There are thousands of apps we can get in the iTunes store letting us be more productive throughout our day.

Apple (NASDAQ:AAPL) is a very trusted company. They want to keep us safe. Apple and Google announced an API for contract tracing due to the Corona Virus pandemic.

The  latest earnings report was upbeat about the future. While sales were soft for iPhones and wearables, the company reported a new record for active users across its devices. Increased demand continues to increase among new users for Apple’s premium services, such as Apple TV+, Arcade, and News+.

We believe Apple (NASDAQ:AAPL) can reach $1,000 per share by 2020. Apple disclosed in its latest earnings call the supply chains were back up and running. So, with that said, the new iPhone will be on schedule for sale in the fall.

Apple just purchased NextVR, which provides content for sports and virtual reality products. There are rumors that Apple may come out with a virtual reality or an augmented reality technology in the future, including a product such as smart glasses.

Best Reasons to Buy

  • Apple has a huge amount of cash
  • There committed to putting 350 billion dollars into the economy
  • With 5G allowing for faster speeds, mobile gaming will increase due to higher performance. Mobile gaming is the fastest growing market in the video game industry.

 

Apple has not provided users with a dedicated shopping portal. This could be a great opportunity for Apple to grow exponentially. We believe that a good partner for partner Shopping will be Groupon ( NASDAQ:GRPN) Groupon is a company with a proven record beyond online shopping but customer experience with local retailers and a huge pile of cash.

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