We help a reader with a question on the famous FAAMG* stocks.
Do you think the FAAMG can still grow the same rate for the next 20 years?
For the past 20 years, Apple has been doing very well and grew many folds. Will cloud computing do as well as apple? How well do you think it can grow? 10 times, 20 times?
*Note: FAAMG is an acronym for the stocks of American technology companies: Google, Apple, Facebook, Amazon, and Microsoft.
Chin: So I think that the last 10 years have been defined by the growth of smartphones and the proliferation of smartphones.
So if you go back to say 2010 and compare it to where it is now. I think that quite easily, smartphones have actually doubled and from today, smartphone sales I don’t think it’s going to double again.
Now we did have a very, very good year last year.
I don’t think that year will actually repeat itself because this is very much driven by people going to work from home and therefore they are buying more devices.
So, will Apple (NASDAQ: AAPL) grow by 10 times or 20 times?
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