Apple Stock Continues To Pivot From Growth Story To Defensive Play

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Much like its FAANG peers, Apple (AAPL) stock saw a tremendous and unexpected boost in 2020, due to the COVID-19 outbreak. As the stock is trading sideways so far in 2021, what’s next for the technology giant’s shares? First off, we cannot count on a repeat of last year’s stunning stock market performance. Future returns from here are more than likely to be modest. Given its massive size, both in terms of market capitalization ($2.22 trillion) and annual revenue ($325.4 billion), it’s going to be tough for Apple to continue growing at an above-average clip.

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