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Battered Apple Poised to Lead FAANGs in 2019, Munster Says

Apple Inc.'s iPhone X Arrives in Stores
Photographer: Luke MacGregor/Bloomberg
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Move over, Netflix: Apple Inc. will be the best performing FAANG stock in 2019, according to veteran analyst Gene Munster.

Apple will be rewarded in the coming year as investors focus more on revenue and earnings growth rather than iPhone unit sales, said Loup Ventures’ Munster, who has covered the company for more than a decade. The Cupertino, California-based company will also benefit from excitement about a network upgrade in the U.S. that could occur as soon as 2020.