Apple Inc. shares rose 1.5% to $138.79 on Tuesday (May 29) est, hitting a new high in the middle of the day, continuing its strong year-end rally.

has learned that Apple’s stock price has risen 16% in December. The main reason is that there are signs that the market demand for its iPhone12 models is strong, and investors are optimistic about the efforts of their autopilot cars. < / P > < p > these positive factors make Apple’s share price rise to 87% in 2020, while Amazon’s rise to 80%. By contrast, the S & P 500 index is up 16% this year. < / P > < p > in fact, Wall Street has become increasingly optimistic about Apple’s prospects in the next year. Analysts expect that the economic recovery will drive more demand for wearable devices and services such as iPhone and airports. Some analysts predict that Apple will continue to be the best performing stock in “faang” (top five US technology stocks) in 2021. < / P > < p > gene Munster, a well-known Apple analyst and founder and managing partner of Wall Street venture capital firm Loup ventures, said, “our forecast is that Apple will continue to be the best performing faang stock in 2021. In 2019, Apple will be the best, and in 2020, the stock will defend its title again. ” < / P > < p > “although we expect that the limited 5g network coverage in the United States will depress consumers’ demand for iPhone 5g in the first half of 2021, with the improvement of 5g coverage and performance in the second half of 2021, we believe that this will stimulate the multi-year upgrade cycle of iPhone rather than the typical one-year upgrade cycle.” He said. < / P > < p > “we estimate that the proportion of white-collar telecommuting workers in the United States will remain stable for a long time at a level three times higher than that before the pandemic. This trend will continue to drive sales of Macs and other Apple products and services. ” He said. < / P > < p > hardware as a service is a big reason for its valuation. Today, about 55% of Apple’s revenue can be purchased by subscription. If you add in MAC, iPad and watch subscriptions, that’s close to 85%. This dynamic will increase the predictability of Apple’s revenue and earnings, thereby expanding its valuation. < / P > < p > he pointed out that the target price of $200 for apple is based on the expected earnings per share of $5.70 in 2022 and a price earnings ratio of 35 times. For reference, this valuation is slightly higher than Facebook and Google, but a little lower than Amazon and Netflix. < / P > < p > Apple’s revenue growth in fiscal year 2021 is expected to increase from 6% in 2020 to 15%, and its profit growth is expected to double to 20%, according to data compiled by Bloomberg. After enjoying the prosperity of e-commerce sales this year, Amazon’s expansion in 2021 is expected to slow down: revenue growth in 2021 is expected to be around 19%, lower than 35% in 2020. Didi Qingju bicycle has entered 150 cities