Apple shares could touch $200 within a couple of years

25 January, 2021 12:00 AM printer

NEW YORK: Technology giant Apple’s stock, which closed 1.61 per cent higher at $139.07 on Friday, could be worth $200 per share in the next couple of years, according to US-based Loup Ventures.

Its bullish prediction is based on the assumption that the iPhone maker will achieve a double-digit growth in revenues in 2021, coupled with an accelerated digital transformation globally that will continue to be a “tailwind for Apple’s growth for the next several years”.

The venture capital firm predicted that Apple will achieve revenue growth of 19 per cent year-on-year in the holiday quarter, ended on December 30, beating an average of Wall Street analysts’ estimate of 12 per cent.