Can the Apple share price climb even higher?

first_img But it’s not the only US stock I’ve got my eye on. Did you know… Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. The 5G potential of the Apple share priceI think it’s fair to say that the interest in purchasing Apple shares for growth has withered recently. After all, its ability to offer triple-digit returns like other technology stocks has become quite limited due to its size. And yet, explosive growth may still be on the horizon.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Relatively speaking, the rollout of 5G networks across the US and UK has only just begun. And looking at its latest earnings report, Apple is seeing surging 5G-enabled iPhone sales. The demand for 5G-enabled mobile devices has allowed it to generate $113.5bn from iPhone sales alone in the last six months. That’s a 34% increase from a year ago. Considering most of this is being driven by its newly launched iPhone 12, whose price starts at $799, it’s clear to me that individuals are more than happy to pay a substantial premium to gain access to the new 5G networks. And let’s forget the world is currently in a semiconductor shortage that’s undoubtedly limiting Apple’s production volumes.Combining its iPhone sales performance with its other devices and services, growth of total revenue and net profits came in at 36% and 56%, respectively. Given that 5G is only getting started, and Apple is now taking on Intel with its new M1 processor, I see no reason why its share price can’t continue to climb higher over the long term.The risks that lie aheadApple may be the biggest company in the world, but it’s got plenty of competitors to contend with. Samsung has long been its key rival in the arena of smartphones, and that’s not about to change. In fact, from a global perspective, Samsung is actually the dominant player with a 20% market share versus Apple’s 16%.Meanwhile, the semiconductor shortage, while ultimately a short-term problem, is causing quite a bit of disruption across the industry. Apple CFO Luca Maestri has stated that the management team expects device revenue for the next quarter to be impacted by $3bn to $4bn. But should the shortage prove to be worse than expected, the Apple share price may suffer upon the next earnings release.Should I buy Apple at a $2trn market cap?In my experience, making an investment decision based on the size of a company is often a recipe for disaster. It’s true that smaller businesses have the potential to generate higher returns. But they are often small for a good reason.A more intelligent question to ask, I feel, is will this business still be relevant in 10+ years? In the case of Apple, thanks to its vast portfolio of products and growing collection of services like Apple Pay, and Apple TV, I believe it will be. So, I think the Apple share price can continue to grow even with a $2trn market capitalisation and would consider adding this business to my portfolio. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Enter Your Email Address Can the Apple share price climb even higher? Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Zaven Boyrazian does not own shares in Apple. The Motley Fool UK owns shares of and has recommended Apple and recommends the following options: short March 2023 $130 calls on Apple and long March 2023 $120 calls on Apple. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Apple (NASDAQ:AAPL) share price exploded in 2020, increasing by just over 70%. In fact, this upward momentum pushed the US business’s market capitalisation beyond $2.1trn. As a result,  Apple is now the largest company in the world based on its market cap. But can it continue to grow from here? Simply click below to discover how you can take advantage of this. Zaven Boyrazian | Tuesday, 18th May, 2021 | More on: AAPL See all posts by Zaven Boyrazianlast_img read more