LONDON: A resolution to US-China trade tensions could add as much as US$25 a share to Apple’s stock price and take it back to a US$1 trillion market value, according to Wedbush Securities analyst Daniel Ives.
Apple in August became the first US company with a U$1 trillion value, though it’s been below that since November.A US-China deal “would take away the primary China risk which is a dark cloud over the stock now,” Ives wrote in a note. Ives also said the risk-reward on Apple remains compelling at the current price and that the company is the safest among FAANG stocks from any antitrust threats.
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How is that? is this an insinuation or a prediction. Apple like the US is a sinking Carrier