Gene, Andrew and Doug reminisce about covering Apple together for 15 plus years and weigh in on what Apple’s biggest surprise of 2022 will be.

Takeaways:

• Gene and Andrew believe the biggest surprise in 2022 will be Apple revealing a MR headset. Doug believes that increased news of a car will be Apple’s top surprise.
• Loup’s opinion: Shares of AAPL will continue to move higher with a $250 price target based on 2022 investor euphoria, in anticipation for two new product categories (metaverse and autonomy) that should increase the multiple on AAPL.
• Given the size of the new addressable markets investors will consider, I see an increased multiple to 35x as reasonable. Adding in my belief that in FY23 Apple will earn $7, yields a $250 share price, about 38% higher than current levels. $3.8T market cap.

Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research. Fair use is a use permitted by copyright statutes that might otherwise be infringing. Non-profit, educational, or personal use tips the balance in favor of fair use. Images Credited to: Apple ©

Disclaimer