Apple shares rallied briefly to an intraday record on Tuesday, continuing the year-long surge, with Amazon outperforming the largest technology stocks in 2020.
Apple It made 13 percent progress in December IPhone 12 Optimism about models and its self-driving car efforts. Profits have driven Apple past Amazon With an 84 percent rally in 2020 compared to Amazon’s 80 percent increase. The S&P 500 is up 15 percent this year.
As Wall Street grows even better over Apple’s prospects in the coming year, analysts predict that the recovering economy will fuel further demand for iPhones. Airpods, And services. Apple’s revenue growth is projected to increase from 6 percent in 2020 to 15 percent in fiscal year 2021, and profit growth is expected to double to 20 percent, according to figures compiled by Bloomberg.
Following the success of e-commerce sales this year, Amazon is expected to expand slowly in 2021. Revenue is projected to grow 19 percent in 2021 after expanding at a 35 percent clip in 2020.
Apple fell 1.3 percent, or 1.5 percent, to $ 138.79 (approximately Rs. 10,200). The California-based Cupertino forecasts 2021 profits, up from 10 in early 2019. Amazon estimates 56 times the value.
© 2020 Bloomberg LP
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