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A BIG 2021 Coming for Apple - Morgan Stanley

From Morgan Stanley report: "Apple enters FY21 with the strongest product & services lineup ever, which we believe can deliver 25% EPS growth...what investors have learned in recent years is that the Apple story is about much more than just the iPhone. Combining strong demand in the September quarter with the expected impact of product cycles, we expect AAPL to deliver nearly 20% Y/Y revenue growth and 25% Y/Y EPS growth in FY21 (above consensus of 15% Y/Y and 20% Y/Y, respectively), driving a re-rating of shares to our $136 price target."

Apple stock is currently $120, giving the company a market cap of $2.05 trillion.

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