3 Things That Will Drive Apple Stock Higher in 2020
Late last year, the combination of cooling smartphone sales worldwide and the trade war with China threatened to derail a multiyear run by Apple (NASDAQ: AAPL). The smartphone maker lost more than one-third of its value to close out 2018, falling from all-time highs just months before.
A number of factors showed the company's resilience in 2019, sending the stock up 78% this year, easily topping the 29% gains of the S&P 500 (SNPINDEX: ^GSPC). 2020 is also shaping up to be a banner year for Apple, as some of the contributors to this year's performance are poised to lift the company to even greater heights.
Here are three things that will drive Apple higher in the coming year.
Source Fool.com
