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The growth in sales in Asia and the update of the iPhone lineup can lead to an increase in Apple shares by almost 100%.

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Apple has long ceased to surprise anyone. iPhones are becoming more expensive from line to line and no one is surprised by the cost of their flagship models of about 1.5 thousand dollars. Although there are almost no differences from the previous versions, which were much cheaper. Every year, a minimum of RAM is being added (not always), the appearance changes slightly (also not always), the processor is updated and the price rises. However, the iPhone continues to sell out in the world like hot cakes in a bazaar. So, why not continue to raise prices for Apple equipment and not talk about the growth of the company's shares? For example, the investment company Wedbush believes that the capitalization of Apple can grow to $ 3 trillion. The company's analysts believe that the recent decline in the share price is a great opportunity to invest at a very attractive price. According to Wedbush expert Daniel Ives, Apple continues to be one of the most attractive investment tools. The company's growth in the near future will be provided by the new iPhone line, as the number of users of the smartphone from Apple has exceeded one billion. Also, the profit figures from smartphone sales are growing every year. Wedbush believes that in 2021, Apple can set a new record and sell 250 million iPhone devices, thus obtaining a record profit. Experts also believe that the new iPhone 13 model can become a technological hit and provoke a mass replacement among users of old models with new ones. All this allows us to conclude that the company's capitalization will continue to grow during this year, which only in August 2020 exceeded $ 2 trillion.

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As for the technical picture, Apple shares have continued to fall in the past weeks. This is due to the fact that investors are now afraid of rising inflation and raising key rates, which can reduce the cash flows of technology companies. The Fed partially calmed the markets yesterday, saying that it is not going to tighten the monetary policy earlier than 2024. However, in this case, the question of growing inflation and ways to contain it remains open. One way or another, many experts have long predicted the stock market "Black Monday", believing that the shares of many companies are overvalued, as well as many stock indices. From a technical point of view, Apple's stock prices are below the Ichimoku cloud, so it's too early to talk about changing the trend to an upward one. Although the Kijun-sen line was overcome by the bulls, which allows them to expect growth up to $ 131 per share. If the price in the next trading sessions is fixed back below the critical line, this may mean the beginning of another new round of downward movement and the price may fall to $ 117 per share.

The material has been provided by InstaForex Company - www.instaforex.com