![]() That growth could feed the expansion of its other businesses - including its services ecosystem and linked devices like AirPods and Apple Watches - and lock in more users while widening its moat.Īnalysts expect Apple's revenue and earnings to rise 13% and 19%, respectively, next year. ![]() ![]() Therefore, Apple's iPhone sales, which grew just 2% year-over-year to $111.3 billion in the first nine months of 2020 and accounted for 53% of its top line, could accelerate significantly in 2021. since iPhone 6 in 2014" - Apple's best-selling iPhone to date. Wedbush analyst Daniel Ives recently told investors the iPhone 12 "represents the most significant product cycle for Cook & Co. The tech giant is entering the 5G market later than Android rivals like Samsung, but Apple's prisoner-taking ecosystem and 5G carrier promotions could drive a lot of users to upgrade their iPhones. Today, I'll add three more promising names to that list: Apple (NASDAQ: AAPL), Qorvo (NASDAQ: QRVO), and T-Mobile US (NASDAQ: TMUS).Īpple is widely expected to reveal the iPhone 12, its first 5G device, on Oct. Grand View Research estimates the global 5G services market will be worth $41.5 billion this year, and grow at a compound annual growth rate of 43.9% between 20.īack in August, I highlighted Ericsson, Qualcomm, and Skyworks Solutions as solid investments in this growing market. The expansion of 5G networks, which are up to 100 times faster than 4G networks, could generate strong tailwinds for handset makers, carriers, component makers, and other tech companies over the next decade.
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