What Moved Apple Stock This Week


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In a week of new product and service launches, Apple stock remained flat. Here are the highlights of Apple Maven’s coverage in the past few trading days.

Hot topics to kick off the week

2020 is slowly winding down. Meanwhile, Apple stock inches quietly towards all-time highs.

  • Could Mac steal the show?

On Monday, Bloomberg reported that Apple could introduce its new lineup of ARM-based chips, the successor of the M1, as early as the Spring. The new piece of hardware is expected to outperform those made by Intel, Apple’s (soon to be former) partner.

This is good news for Apple investors, and likely best explains why the stock traded higher that the S&P 500 and the Nasdaq throughout Monday’s session.

JPMorgan analyst Samik Chatterjee reported that demand for the higher-end iPhone 12 has been strongest in the holiday shopping season.

Of course, there are two sides to this equation: supply and demand. The longer lead times could be a result of supply chain delays, which would be a more bearish than bullish story.

The FAAMG stock that left Apple in the dust in 2020

Apple stock has had an impressive 2020 so far. But another Big Tech name produced even better market returns, driven by strength in e-commerce, cloud adoption and a rebound in valuations.

  • Amazon stock roars back to life

Compared to the rest of the FAAMG group and even the S&P 500, Amazon had a relatively mediocre 2019. The second half of last year was particularly disappointing, which may have set up the stock for a rebound in 2020.

Digital sales in general have more than doubled in the first three quarters of the year. This is a stark contrast against US retail sales that had dropped as much as 15% year-over-year, in April. As a result, Amazon’s e-commerce revenues in North America and internationally grew by 37% and 31%, respectively, in the first three quarters of the year.

All accounted for, Amazon shares shot through the roof in 2020: up 71%.

  • Will Amazon continue to outperform?

It is always hard to predict share price movement with much accuracy. Following such a strong 2020, it is not unreasonable to think that shares might need to catch a break as 2021 kicks off.

At the same time, it is hard to bet against the e-commerce and…