JP Morgan pays its equity analysts millions of dollars a year to give its clients solid advice on which stocks to buy, when they should be bought, and when they should be sold. Most of these recommendations are based on what is called fundamental analysis which essentially is a deep dive into a company’s business, its products, and the supply-demand equation for these products.
JP Morgan says as many as 1.4 billion Android users could be tempted to switch to iOS by the 5G iPhone SE (2022)
Technical analysis uses charts to help investors detect any change in the stock itself that might tip off an investor to a coming rally in the shares. Most big banks like JP Morgan stick to the fundamentals because huge investors (like mutual funds and other institutions) don’t want to invest millions or billions of dollars based on what they see as something akin to reading tea leaves.
JP Morgan says that the 2022 iPhone SE could entice up to 1.4 billion Android users to switch to iOS
The report sent to JP Morgan clients included an estimate of how well the new phone will do in the marketplace. The firm says that it expects Apple to sell 30 million iPhone SE (2022) units next year and sees Apple shipping 250 million handsets for 2022. That would be a 10 million unit addition to the number that it will ship this year.
Apple’s stock is less than 5% away from giving the company a $3 trillion valuation
A 4.8% rise in the stock price to $182.85 should be enough to do the trick. Apple reached the one trillion mark in August 2018. Two years later Apple reached a valuation of two trillion and is now closing in on the three trillion mark. It took 42 years for Apple to be worth $1 trillion, another two years for it to tack on another trillion in value, and it looks like it will take less than a year and a half for the next trillion in valuation to be added.
