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SSNLF - Why Apple Stock Could Drop To $225 In 2020
Samsung Electronics Co Ltd
Source: Forbes
Apple (AAPL) has had a successful year. Its stock is up by 71%, making it the best-performing FAANG stock. Apple has also outperformed the S&P 500 index and the S&P 100 information technology index. Fortunately, as I wrote in March, I have continued to own a small stake of Apple in my portfolio.
There are several reasons for this growth. First, Apple started the year from a point of weakness. Its stock had lost almost 35% of its value in the last three months of the year. Second,