Categories Technology

Apple will rise on the wings of services: Analyst

Apple (AAPL) may have had a difficult year but that’s temporary, feels long-time analyst Gene Munster. Munster on Wednesday predicted that the iPhone maker would outperform fellow FAANG stocks in 2019, as consumers connect with the strong growth of its services business.

In 2018, Apple stock fell  32% from its 52-week peak, primarily due to concerns over decreasing iPhone sales and the company’s decision not to announce unit sales figures in the quarterly results. The massive decline made the Cupertino, California-based firm the second worst performing FAANG stock in 2018.

apple stock analyst ratings
Photo by Medhat Dawoud on Unsplash

The company has been witnessing a steady growth in its services business, which comprises App Store, iCloud, iTunes, Apple Music etc. During the most recent quarter, services revenue jumped 17% to a record $10 billion.

The Loup Ventures analyst, in fact, sees a silver lining in Apple’s decision to scrap unit sales figures from its quarterly results. Munster says the move helps invite a better focus on the services figures.

Meanwhile, the iPhone maker’s tough stance against data sharing is expected to play in favor of the company in 2019 and beyond, even as Facebook (FB) and others get pounded.

It is widely expected that the US Congress would crackdown on user data, given the backdrop of back-to-back data breaches. However, these motions are unlikely to scathe Apple, thanks to its rigid privacy policy.

Huawei and Apple take hits amid US-China trade spat

Munster further predicts that the introduction of the superfast 5G network will aid in Apple’s rally as device makers engage in a race to bring out the first 5G enabled handset. He wrote in a note, “ 5G will be the biggest new iPhone ‘feature’ since the larger-screen iPhone 6 in 2014.”

 

We’re on Flipboard! Follow us to receive the latest stock market, earnings and financial news at your fingertips

Most Popular

Key highlights from Deere & Co.’s (DE) Q4 2024 earnings results

Deere & Company (NYSE: DE) reported its fourth quarter 2024 earnings results today. Worldwide net sales and revenues decreased 28% year-over-year to $11.14 billion. Net income was $1.24 billion, or

NVDA Earnings: Nvidia Q3 profit jumps, beats estimates

NVIDIA Corporation (NASDAQ: NVDA) on Wednesday reported a sharp increase in adjusted profit and revenue for the third quarter of 2025. Earnings also topped analysts' estimates. The tech firm’s revenues

Lowe’s Companies (LOW): A few points to note about the Q3 2024 performance

Shares of Lowe’s Companies, Inc. (NYSE: LOW) rose over 1% on Wednesday. The stock has gained 8% over the past three months. The company delivered better-than-expected earnings results for the

Comments

  1. Pingback: Lincoln Georgis
  2. Pingback: Marketing courses
  3. Pingback: Rota evaporators
  4. Pingback: Pediatrics
  5. Pingback: الصيادلة
  6. Pingback: periodontology
  7. Pingback: Credit Hour System
  8. Pingback: Faculty Building
  9. Pingback: Faculty Handbook
  10. Pingback: binario led
  11. Pingback: glucofort
  12. Pingback: kerassentials
  13. Pingback: Fiverr Earn
  14. Pingback: Fiverr Earn
  15. Pingback: Fiverr Earn
  16. Pingback: fiverrearn.com
  17. Pingback: fiverrearn.com
  18. Pingback: fiverrearn.com
  19. Pingback: flatbed broker
  20. Pingback: clima
  21. Pingback: fiverrearn.com
  22. Pingback: fiverrearn.com
  23. Pingback: french terrier
  24. Pingback: jute vs sisal rug
  25. Pingback: future university
  26. Pingback: future university
  27. Pingback: future university
  28. Pingback: future university
  29. Pingback: seo company tampa
  30. Pingback: FiverrEarn
  31. Pingback: lean manufacturing
  32. Pingback: Piano relocation
  33. Pingback: Smooth transitions
  34. Pingback: Storage solutions
  35. Pingback: bali indonesia
  36. Pingback: FiverrEarn
  37. Pingback: FiverrEarn
  38. Pingback: FiverrEarn
  39. Pingback: Aussie camgirls
  40. Pingback: pupuk cair terbaik
  41. Pingback: partners
  42. Pingback: Economics
  43. Pingback: Predictions
  44. Pingback: FiverrEarn
  45. Pingback: live sex cams
  46. Pingback: FiverrEarn
  47. Pingback: FiverrEarn
  48. Pingback: FiverrEarn
  49. Pingback: FiverrEarn
  50. Pingback: FiverrEarn
  51. Pingback: FiverrEarn
  52. Pingback: Dairy
  53. Pingback: Lightroom Presets
  54. Pingback: technology
  55. Pingback: technology
  56. Pingback: Slot Online
  57. Pingback: FiverrEarn
  58. Pingback: FiverrEarn
  59. Pingback: FiverrEarn
  60. Pingback: FiverrEarn
  61. Pingback: live sex cams
  62. Pingback: live sex cams
  63. Pingback: frt trigger
  64. Pingback: 늑대닷컴
  65. Pingback: Judi online
  66. Pingback: nang delivery
  67. Pingback: allgame
  68. Pingback: 918kiss
  69. Pingback: หวย24
  70. Pingback: Organic skincare
  71. Pingback: pg slot
  72. Pingback: carte uno reverse
  73. Pingback: Raahe Guide
  74. Pingback: resort lake placid
  75. Pingback: 300 wsm ammo
  76. Pingback: 6.5 grendel ammo
  77. Pingback: itme.xyz
  78. Pingback: ItMe.Xyz
  79. Pingback: ItMe.Xyz
  80. Pingback: itme.xyz
Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top