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2021-07-14

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JPMorgan adds Apple to its focus list, says stock can jump 20% by end of the year

The outlook for Apple is improving in the short and long-term as the tech giant gets a handle on the

JPMorgan adds Apple to its focus list, says stock can jump 20% by end of the year

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That could create upside in the years ahead if the phone proves popular, JPMorgan said.\n“With the launch of iPhone SE3 in 2022, Apple has the opportunity to not only pleasantly surprise with a more robust iPhone 13 cycle, but also has the opportunity to drive material upside to consensus expectations for FY22,” the note said.\nA shortage of semiconductors and rolling breakouts of Covid-19 have caused major issues in tech supply chains, but Apple is managing better than its major smartphone competitors, JPMorgan said.\nJPMorgan already had an overweight rating on the stock. 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JPMorgan adds Apple to its focus list, says stock can jump 20% by end of the year

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