Apple’s (nasdaq aapl) stock at https://www.webull.com/quote/nasdaq-aapl has risen nearly 460 percent in the last five years, defying bulls who thought the company’s heyday had passed. Between fiscal 2016 and 2020, the tech monster’s annual sales increased from $215.6 billion to $274.5 billion, while its net income increased from $45.7 billion to $57.4 billion.
In next two years
Apple’s revenue is expected to increase by 21% in fiscal 2021, then by another 4% in fiscal 2022, according to analysts. New hardware devices and the expansion of its services ecosystem will account for the majority of that development. This year, Apple’s first family of 5G smartphones, the iPhone 12, is expected to spark a new wave of updates. According to recent projections from its suppliers, it will ship 230 million iPhones in 2021, representing a 14 percent increase over 2020 and the best year for the flagship smartphone since 2016.
In 2020 good shipment of the iPhone generates half of Apple’s revenue, should share more customers to its increasing growing ecosystem, it includes the App Store, Apple TV+, Apple Music, and other services. Apple generates 20 percent of its revenue from these services. Recently Apple exceeds 600 million paid subscribers. Apple will continue to lock in its customers by leveraging the power of its hardware sector and closed ecosystem, potentially leading to further disputes with companies such as Spotify, Netflix, and Amazon. Such battles may be expensive, but Apple still has nearly $196 billion in cash and marketable securities, so it can afford to take on those well-entrenched competitors.
Augmented reality technology
According to The Details, Apple is working on an augmented reality (AR) headset that will be released in 2022. In 2023, it will release a lighter pair of AR glasses to follow up on that device.
If the “Apple Glasses” are a hit, they will join the iPhone, Apple Watch, AirPods, and other Apple gadgets in securing users into the company’s ever-expanding ecosystem. It would also lessen Apple’s reliance on the iPhone, probably paving the way for the company’s “Apple Car” launch some years later.
Apple is said to be working on an autonomous self-driving car and has held discussions with several automakers about producing it. Analysts predict that the car will be released between 2024 and 2027 and that it will include the complete suite of Apple apps and augmented reality services.
Apple stock in next five year
Apple’s core businesses are still solid, it has plenty of irons in the fire, and its stock still trades at less than 30 times forward earnings, so it’s hard to say where the stock will be trading by the end of 2025. Although the stock could still experience some wild swings, investors who simply keep Apple rather than trading it will profit handsomely over the next five years. There are many other good stocks like nyse psfe at https://www.webull.com/quote/nyse-psfe.