Bitcoin has been on fire in the past year, rising from around $6,700 in early April 2020 to just shy of $60,000 today.
reached an all-time high in quarterly revenue of $111.4 billion, driven by the dramatic demand for the 5G-enabled iPhone 12 lineup.
Wedbush analysts’ channel checks have revealed that Apple has not reduced its iPhone production rate despite the company historically reducing manufacturing based on seasonality in the second and third quarter of the fiscal year.
Apple is expected to dominate the 5G smartphone landscape with a market share of 35% at the end of 2021.
Apple is expected to build an initial supply chain order of 100 million units for the iPhone 13, even more than the initial 80 million build order for the iPhone 12.
While Apple is able to make the most of the 5G-smartphone demand, the second-biggest smartphone player and leading chip manufacturer, Samsung, may need to delay even the new Galaxy Note refresh to 2022.
With trailing year operating cash flows of $89 billion and a solid balance sheet, the company can continue to return value to shareholders in 2021.
Despite the many solid tailwinds and an envious financial standing, Apple is trading around just seven times sales.
While the company’s main business involves manufacturing and selling gardening and lawn care products, Scotts-Miracle Gro also sells hydroponics systems through its subsidiary, Hawthorne, to licensed cannabis producers.
With more states gearing up to legalize recreational cannabis and people consuming more cannabis than ever, the demand for cannabis cultivation has shot through the roof.
This stock is one of the least volatile plays in the cannabis sector and can continue to soar higher in the coming years.