In a recent statement to its customers, Raymond James – a US multinational financial investment bank – raised Apple’s price estimate with the arrival of 5G on iPhones, saying that the company could go back to the $ 1 mark trillion with the implementation of the new technology.
However, perhaps from its own source, perhaps due to keeping an eye on the latest leaks of the apple, the analyst of the multinational Cris Caso added that iPhones to be released in 2019 should not bring great news, and that may be one of the cycles of update the company.
As quoted by several other sources over recent months, including by Ming-Chi Kuo – respected analyst Apple world, everything indicates that the great possibility is that the 5G only land on the devices of the giant of Cupertino in 2020, being present in large part of the year’s launches, and that’s where Apple can return the 1 trillion mark.
Cris Caso believes that the company’s actions will directly benefit from the ” greater conviction in the impact of a 5G iPhones cycle in 2020 “. According to Raymond James’s forecast, the company’s shares are expected to grow more than 22%, with its value set at something close to $ 250; significantly higher than the $ 204.68 currently seen, valuing the company run by Tim Cook at $ 946.25 billion.
According to recent estimates, Apple shares (AAPL) are expected to hit $ 217.34, individually, for a company to re-evaluate at 1 trillion.
As a result, Cris says it may not be the best time for his customers to buy the brand’s stock, as it may be too early for such a forecast – even more so considering a possible drop with the 2019 releases. However, it states that the financial has decided to update its general perspective on the subject so that its customers can decide when is the best time to act according to the position presented.
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And do you believe that the presence of 5G on iPhones is enough to leverage Apple’s market value? Tell us here in the comments.
Source: www.cnbc.com