5G 2020 iPhones will maintain a “supercycle” of Apple’s stock

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Top Apple Wall Street analysts Dan Ives told CNBC on Monday that he expects the introduction of 5G iPhones in 2020 to “supercycle” Apple’s stock.

In the same interview, Dan also increased his price target for Apple’s stock to $350 a share, around 25% higher than what is currently at the time of writing $284.

“We’re only halfway there through what I believe is a supercycle,”

Dan Ives

Dan says he predicts Apple will release 4 new iPhones in 2020 all with new 5G technology that offers faster speeds, lower latency, and could possibly be used in other areas such as self-driving cars.

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Daniel
Daniel, 25, has been following Apple products since the release of the first iPhone in 2007. He has been following the jailbreak scene since iPhone OS 1.0 in 2007. Around this time in 2007, he also started getting interested in developing apps and tweaks for iPhone OS devices. While he has not publicly completed any of these, he still continues to follow the Apple Beta and Apple Jailbreak scene closely. He also has a passion for web development and design.