Moscow, September 28 — “News. Economy”
Analysts at JPMorgan said that by the end of 2019 Apple’s market capitalization will increase by 20%. In General, the financial holding company gave an optimistic forecast for the future of the Corporation, reports Business Insider.
According to the analyst Samika Chatterjee, by the end of 2019 Apple will break a new record in terms of capitalization and will cost about 20% more than now. “The position of Apple in the market of premium smartphones is strong, we see significant potential,” explained his words Chatterjee. According to him, the adequate value of one share of Apple by the end of 2019 should be $272.
JP Morgan analysts also note a strong trend of the transformation of Apple from a manufacturer of electronics service company. “Apple is transforming from equipment manufacturer to service company faster than expected by investors, which stimulates the growth of financial indicators and stock — writes Samik Chatterjee. — We expect faster growth in the appraised value of the company, as well as a better understanding of income and cash flows by increasing the share of service activities”.
Apple develops such services as App Store, Apple Music, Apple Pay, and many others. This business brought the company 13% of revenues for the end of the 2017 financial year, compared with 8% five years earlier. To 2021-th share will increase to 20%, predicts Chatterjee.
According to JPMorgan, in the future, Apple will not only be strengthened in its busy markets, but also to come to a new, buying up other corporations and startups. Recall that in August, Apple became the first U.S. company whose market capitalization exceeded one trillion dollars.
According to the forecasts of Morgan Stanley, by 2022 on the services and the category “other products” will account for 86% of revenue growth of Apple, and in 2023 and 2024 these segments will bring the company $127 and $142 billion in revenue, respectively.
As noted by CNBC, Apple shares grow faster than the market this year. Since the beginning of 2018 on September 27 securities California giant rose 30%, while the S&P 500 index, considered a barometer of the us economy and that includes 500 U.S. companies with the highest market capitalization increased by 9%.
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