📮Pika World in Focus – Apple, a buy?🛎

🍎Apple: Prospering in Uncertainty🍐

Shares of Apple have been on the ride up as it has achieved more than 30% return year to date. In addition, it is marching towards a valuation of $3 trillion, unimaginable a year ago. Microsoft is the only company with a market cap over $2 trillion, with Alphabet, Amazon and Tesla each having a valuation above $1 trillion.

✈️Safe Haven for Investors🪂

It appears to be a flight to safety preferred stock by market participants. The pandemic had proven to have negligible impacts on its business model as consumers rushed to buy its Macs and iPads.

As we move towards more normalcy in our life, we see the Apple services segment continuing to grow aggressively. Apple services business produces about $70 billion a year in revenue. Moreover, the innovation of Apple is rewarded by a deep sense of customer loyalty given its friendly shareholder policy of an aggressive shares buyback policy. So, logically, investors are inclined to love Apple.

📱iPhone 13 Demand remains firm💰

While there has been concern about its demand, most analysts report a robust iPhone 13 sales projection that exceeds supply. Part shortages are likely to eat into the December quarter result as the company faces pressure to meet demand. Yet, this has not impeded the rising share price momentum.

🗽An Exciting Future⛳

Wall Street is baking in more company growth with a possible two new categories of products: AR &VR headsets and autonomous vehicles. But, so far, it seems that potential upsides primarily drive price targets upward momentum based on iPhone sales and App Store activity rather than on the rumours of these latest products development.

The future of Apple looks exciting. Any potential pullback will entice Pika World to accumulate more exposure to the company that continues to innovate incrementally and become a more wholesome component of our everyday lives.

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Cheers, and see you next in our next write-up!

Pika Nat.