Apple shares has continued to maintain its year end surge in shares and has maintained its lead over Amazon as 2020’s best performer among the larger tech stocks.
It advanced 13% with growing demand for the new iPhone 12 & with self driving electric car efforts. Apple reached 84% rally in 2020 whereas Amazon only increased by 80%. Wall street predicts bullish increase, as Apple is expected to be launching new products in March 2021. Currently, trading at 34 times projected 2021 profit, up from 10 of 2019.