Why Apple could become a $400 stock in 2020 (via TradingNation)
"If you look at GAAP earnings for Apple, it is more than the combined FAANG," noted Munster.
Not everyone on Wall Street shares Munster's bullish point of view. On Monday's "Trading Nation," tech investorContrarily, Munster's bull case reflects a stronger demand for iPhones. "In 2020, there's going to be five new iPhone models. Typically, that has a benefit to revenue," said Munster, adding Apple typically unveils three new models each year.
"The two additional models are likely going to be slightly lower-priced, SE models that really hit the heart of phone market.""The wearables category as a whole has accelerated," Munster said.
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