Apple surges further to mark 2019 as the decade’s best year

Though
people feared that the iPhone-inventing Apple would lose its luster after the
demise of the legendary Steve Jobs, and the company did suffer for a while, it
has now marked 2019 as its best year in a decade.

Stock
prices have substantially increased and saw a hike of 1.6% on the day after
Christmas alone. The positivity stems from holiday shopping as consumers are big
on ensuring that iPhones and AirPods are on their Christmas wish lists. This
Thursday was the third day for the stock to have extended its gain on a
day-by-day basis. The stock
climbed 7% in December alone, showing the tenth month of positivity for the
iPhone-brand this year.

Apple
is the most popular and most traded company on the stock exchange. This
continuous success has produced more than an 80% gain for the company in 2019,
increasing its market value substantially- a massive $530 billion pushing its
market cap higher to $1.29 trillion as of Friday.

Reasons
For Apple’s Massive Gains In The Stock Market In 2019

Apple’s
success in 2009 was also magnanimous as stocks closed with an annual increase
of 150% – and now ten years later the company’s performance has been more than
commendable. Other companies on the success list include Microsoft Corp. with a
55% increase, and Amazon hiking up approximately 23%. Yet, both companies grew
considerably less than Apple.

Apple
did not show a positive outlook at the beginning of 2019, which caused a major
sell-off earlier this year. However, the company was able to quickly turn the
situation around in the 2nd half of 2019.

Apple’s
services division is reportedly a major cause of the company’s success. The
services division offers video streaming and a video game subscription.
Moreover, 2020 may bring the very first 5G iPhone, something that Wall Street
is ecstatic about and sees immense potential in causing hype and optimism in
the stock market.

So,
this year, the iPhone accounted for 55% of revenue for Apple and the company’s
next-generation phone may account for a lot more next year. The enthusiasm is
high for Apple shares on Wall Street as about 28 firms are encouraging
purchasing.

Speculations About Apple’s
Performance Next Year

Late
January marks the end of the first quarter for the company and results will
reveal a flicker of what
is to be expected throughout the year. Optimally, earnings should increase
by at least 8% and revenue should surge by 4.5%.

During
this time, Apple should have already sold about 66.7 million iPhones, priced at
an average $781.35. That’s lower than last year and definitely good news for
iPhone fans who want to buy the latest model next year.

All
in all, 2019 started off rough for the company but then ironed out to be one of
the most fantastic years the company has experienced in a decade. Let’s see how
2020 fares.