The giants of the financial world are firmly in the corner of Apple. First, the company's mega-investor Warren Buffett has become Apple's third-largest public shareholder. Now, Morgan Stanley, investment titrist, has issued a note to customers, explaining why Apple is expected to take a major step in the financial field next year.
At the time of writing these lines, Apple is trading at $ 188.51. However, according to Morgan Stanley analyst, Katy Huberty, the title could reach a price target of $ 214. Should he handle this feat, Apple will become the first company in history to exceed $ 1 trilli in market capitalizati.
The Importance of Services
For ce, Huberty's analysis does not rely iPhone sales in full swing, but rather an increase in business Apple services, which is becoming an increasingly important part of the business. Services are quickly becoming the main driver of Apple's growth, "said analyst Katy Huberty in the note." Apple's business figure grew by 8% [compound annual growth rate] over the last five years, largely thanks to sales of its flagship iPhone. But as device replacement cycles ctinue and plant base growth decelerates, we expect services to capture growth and account for about 67 percent of Apple's revenue growth over the next two years. next five years.
Business – including the App Store, iTunes, Apple Music and iCloud – have been the fastest growing revenue segment for the company in recent times. In the last quarter, there were 270 …
