Gene Munster, a well-known Apple analyst and co-founder of Loup ventures, believes that in 2021, Apple will once again lead the growth of the technology industry. On Thursday, Munster said he thought it was a reasonable expectation that Apple’s market value would reach $3 trillion in the future. < / P > < p > in August 2020, apple became the first US listed company with a market value of US $2 trillion, and Munster foresaw this milestone in January when he expected the stock to rise by 50%. < / P > < p > Munster, a longtime Apple analyst at Piper Jaffray, an investment bank, said on Thursday that he thought the company’s share price could reach $200 a share. That would make it worth more than $3 trillion. < / P > < p > Munster said his forecast is based on Apple’s P / E ratio of 35 times the expected profit in 2022. “If the market can maintain a P / E ratio of 35 times, you know, we’re not talking about Amazon’s P / E ratio here. I think that’s where the road (leading to $3 trillion market value) is.” < / P > < p > Apple’s current P / E ratio is nearly 41 times after its share price soared about 80% this year. Amazon’s share price, by contrast, has soared about 76% this year and is now trading at 95 times earnings. < / P > < p > Munster said that one of the catalysts that may help push Apple’s share price up is that the new crown pandemic has promoted the widespread adoption of telework. “The acceleration of digital transformation, I think, is powerful,” he said. In the next 12 to 24 months, people will work anywhere, they will buy more Macs, iPads and services. ” < / P > < p > Munster also reiterated his view that the company’s P / E ratio can withstand further expansion as investors rethink apple. In recent years, Apple has been pushing for more revenue from services to increase its hardware sales. < / P > < p > Munster said he thought Apple could turn its hardware business into a service, such as buying Macs by subscription. “We believe this day is coming, and for Apple’s P / E ratio, more discussion about cars is a huge opportunity,” he said, alluding to recent reports that apple is likely to produce electric cars in a few years. Overall, Munster said he believes Apple’s stock performance will continue to be strong in 2021, especially when compared with other stocks in “faang” stocks, namely Amazon, Facebook, Google’s parent company alphabet and Nafi. < / P > < p > Munster said: “we think faang will split further,” and Facebook and Netflix will lag behind apple and Amazon. “I think the performance in 2021 will come from Apple again. It may sound crazy that a company has led the rise of faang stock for three years in a row, but I think it will actually happen. I think Apple’s share price is expected to reach $200. ” Epic Games accused Google of monopolizing the latter, which may have a better chance than apple

By ibmwl