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Shares of Apple (NASDAQ: AAPL) jumped 89% in 2019.
That makes the Apple the single best performing stock in the Dow Jones industrials.
Why is Apple stock soaring?
It’s largely thanks to the coming iPhone 12 – enabled for fifth-generation wireless known as 5G.
Go here to discover my top 5G stock to BUY NOW.
This chart of Apple is a beautiful thing – showing the stock trading well ahead of its 50-day and 200-day moving average (that’s a very bullish signal).
Of course, there are many reasons Apple stock is taking off. And these include:
- CEO Tim Cook seems to be developing a closer relationship with President Trump.
- That’s allowed Apple to avoid a 15% tariff on the iPhone – which would have increased iPhone prices by $120 – $150.
- Apple has aggressively bought back its stock in 2019 – spending as much as $120 billion.
Don’t get me wrong . . . that’s all good news that’s helping the stock.
Yet it’s really a bright outlook for 2020 that’s sending Apple stock soaring.
The Apple iPhone 11 has received a warm reception – thanks to the massive improvement with the phone’s camera.
Thanks to the robust Apple ecosystem – including services such as iTunes and iCloud – customers tend to be very sticky. This means that iPhone users tend to stick with the iPhone – rather than switching to a smartphone running Android.
Apple customers tend to upgrade their iPhones when the company released a major upgrade.
Right now, Apple is in the early stages of an upgrade cycle that could last two years.
In September 2020 Apple is expected to release three iPhones with 5G.
5G essentially will provide a healthy tailwind for Apple in late 2020.
New fifth-generation wireless networks promise to be 10 times to 100-times faster than current 4G networks. Once they’re widely available, I’d expect new apps will be developed to take advantage of faster networks.
One Wall Street firm expects that Apple could quickly ship 200 million 5G iPhones.
Meanwhile, Nikkei Asian Review estimates that Apple will ship 80 million iPhones in 2020.
Apple stock may continue rising in 2020.
One analyst at Wedbush Securities recently upgraded the stock with a buy rating and $350 share price target. That’s a 17% increase from the closing price.
5G is one of the biggest unstoppable growth trends for 2020.
That’s why I’m securing shares of these little-known 5G stocks right now.
Because the biggest 5G winner won’t be Apple or Qualcomm. Instead, it’ll be a small group of undiscovered “all American” technology stocks.
Click here to get urgent details.
Yours in Profits,
Ian Wyatt