This yr goes to be one other busy one for Apple, with all the pieces from 5G assist coming to the brand new iPhone 12 sequence, in addition to a continued push by Apple to develop different non-iPhone parts of its enterprise like Apple Card and Apple TV+. Along these strains, not solely has Apple for a while now boasted that its companies enterprise alone is in regards to the dimension of a Fortune 100 firm — Apple senior vp Eddy Cue stated 2019 was the largest yr for the corporate’s companies enterprise but, with iOS clients having spent a document $1.42 billion on apps between Christmas Eve and New Year’s Eve alone.
All of that’s fueling a brand new super-bullish prediction from Wedbush analyst Dan Ives about Apple — already the largest US firm primarily based on market capitalization — that the iPhone maker might very effectively be the primary firm to hit a $2 trillion market cap by the tip of subsequent yr.
“We consider by the tip of 2021 Apple has potential to be the primary $2 trillion valuation given the 5G tailwinds and companies momentum potential over the approaching years,” Ives wrote in an analyst observe printed on Monday. He’s additionally described the previous yr as the beginning of a “transformational 5G super-cycle” for Apple, which he estimates will see its companies enterprise explode to between $500 billion and $650 billion in gross sales.
CNBC has famous that Ives is among the greatest Apple bulls on Wall Street, however that didn’t cease UBS from boosting its value goal on Apple shares Tuesday from $280 to $355.
UBS’ newest smartphone survey information reveals that just about 1 / 4 of respondents are excited in regards to the introduction of 5G assist for iPhones, and that “buy intent” for iPhones retains getting higher in a number of areas world wide. In fiscal yr 2020, UBS is estimating iPhone gross sales to hit 196 million — 5% enchancment, year-over-year.
We’re nonetheless months away from new iPhones being formally revealed, however we’re already getting a style of how a lot busier Apple will probably be alongside these strains in 2020. For instance, as we famous earlier this month, sources inside Taiwan’s handset provide chain report that Apple might launch as many as six iPhones this yr — 4 OLED and two LCD fashions.