Dow Jones News: 5G Could Drive Super Cycle for Apple; IBM Has a Lot to Prove in 2020
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.41% at 2 p.m. EST Monday, the second-to-last trading day of a lucrative 2019. The Dow is now up a bit more than 22% for the year.
Shares of Apple (NASDAQ: AAPL) managed to show some strength after an analyst predicted that 5G would be a boon for the iPhone business in 2020. International Business Machines (NYSE: IBM) wasn't so lucky, with the stock slumping in the lead-up to a critical year for the century-old tech giant.
An iPhone "super cycle," in which users upgrade in droves thanks to must-have features, has failed to materialize in the past few years. Apple still sells plenty of iPhones, but unit sales peaked back in 2015 and never recovered.
Source Fool.com
