Apple is one of the best Smartphone company in the world. This company has performed quite well during the pandemic as well.
However, there are some analysts who predict that Apple stock is going to go down. Because of this news, many investors are planning to sell their shares.
Rod Hall is one of the best analysts. He works with Goldman Sachs. As per his analysis, Apple share prices are going to decline more by 36%. Other analysts have also predicted the fall, but it is not as bad as Hall states it.
The current Apple Stock price is $118. As per Hall, the price is going to reach $80 to $75. It will straight away decline by 36%. He projects a lower revenue growth.
He says Apple share value will only grow in single digits during the first few months of 2021. However, most of the analyst disagrees with the analysis.
So Should You Sell or Hold?
Well, we are not talking about any new startup here. The company about which we are discussing is Apple. This company has seen lots of ups and downs but still managed to retain a good position in the stock market.
So if you are worried about Apple share prices, be rest-assured. Even if the share price falls, Apple will recover in no time. It is not wise to sell your shares based on one prediction.
Most of the analyst says that the price will reach $123. With the launch of the new iPhone, the company is going to reach the position in no time.
The analysis made by Hall only takes into account the Smartphone market. But Apple is also known for its other tech products.
So with the upcoming November event, Apple is going to do something big. Rumours state that they are going to launch a new line of Macs. They are also planning to launch a new Apple TV.
It will help to boost share prices. Companies like Apple don’t go down due to simple market conditions.
Apple Goes Strong:
This year, after recovering from the initial Covid-19 day’s Apple reached a peak. It became a 2 trillion company, even without launching any new products.
Even though the iPhone 12 sales are going slow, there is a lot to come in the future. Apple has a strong management team which knows how to keep the company going.
So if you are planning to sell your Apple shares, think twice. The share prices will surely arise in the future and become a cause of your regret if you sell the shares on the basis of one analysis. You can check more from https://www.webull.com/newslist/nasdaq-aapl .
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.