Apple's Stock Will Outperform Other FAANG Stocks In 2020, Long-Term Future 'Among The Brightest', Munster Says [Yahoo! Finance News]
Apple Inc. (AAPL)
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Source: Yahoo! Finance News
Apple Inc.APPLEnoteWhat HappenedAccording to Munster, Apple will also outperform the rest of FAANG stocks, which includeFacebook Inc.Amazon.com Inc.AMZNNetflix Inc.NFLXAlphabet Inc.GOOGL"Apple is among the best-positioned major tech companies when we turn the corner," the former research analyst said.Munster noted that Apple has one of the strongest cash positions of all companies at $99 billion, second only to Google parent company Alphabet's $117 billion, helping it weather through the pandemic.In the long-term, the demand for its products and services is expected to increase based on pre-existing trends, the Loup Ventures co-founder predicted.These trends include 5G-based device upgrades, increased share in subscription video on demand sector with the Apple TV+ service, continued penetration of software services, rise in health wearables, and augmented reality "emerging as the next major computing platform," according to Munster."Apple investors should rest easy," he said, forecast
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