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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
How is that? is this an insinuation or a prediction. Apple like the US is a sinking Carrier