NFLX - Apple tapped to be the top FAANG stock in 2021

In its look at tech trends for the new year, Loup Ventures says it expects Apple (AAPL) will be the top-performing FAANG stock in 2021 based on four key factors. "The accelerating digital transformation means more people are working and learning from home, providing a continued tailwind for the iPad and Mac businesses (about 25% of total revenue). We believe these two segments can grow at 10% plus in 2021 and 2022, compared to flat growth in the last few years." "5G enthusiasm will grow in the back half of the year, starting a two to three-year iPhone upgrade cycle." "While Street FY21 revenue growth estimates of ~15% are in line with our expectations, we believe consensus estimates for FY22 of 5% y/y revenue growth are too low. We expect those estimates to inch higher throughout FY21. Ultimately, we believe FY22 revenue growth will be closer to 10%." "Growing anticipation

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Apple tapped to be the top FAANG stock in 2021