Apple is rising according to reports. The fact that iPhone sales don’t get as they used to grow, and the company can’t depend on the device to maintain its future, Apple pessimists say. Apple has switched from its smartphone to the mobile devices and services market in the middle of an important transition. And perhaps it’s a very clever move.
The company’s Apple Watch and AirPods earbuds lead the product selling collection of smartwatches and ear-wears. Apple is the undisputed leader in Wearable Technology. Although wearables will not replace iPhone sales anytime soon, the market for these devices is rapidly growing. Also, through Apple Music, iCloud, Apple News, Apple Pay, the App Store, Apple Arcade and AppleTV+, Apple can further exploit its market in services.
There are countless reasons why you could invest in Amazon in the coming years. Let’s continue with the clearest one: the online retail supremacy of the business. An approximate 38% of all U.S. retail sales in the online marketplace of the company. E-commerce still represents Amazon’s main revenue driver, and there is still room for further growth even with the company’s major market share position.
Yet, this is not the long-term game for Amazon alone. In reality, the company benefits most from its cloud computing services, Amazon Web Services (AWS). AWS currently has a market share of about 32% in public cloud computing and is far ahead of its closest rival, Microsoft.
Many investors will look at a recommendation from Netflix and turn their heads into confusion. Netflix is a buy right now because the corporate stock price has dropped by 4 percent over the past year, while Apple and Walt Disney have become increasingly competitive in the streaming market.
Investors have been spoken during the summer when the streaming video giant reported results that were below estimates in the second quarter. These are impressive growth figures for a business that has existed as long as Netflix and they are coming at a time when competition in video streaming is rising.