Apple best-performing large tech stock as it passes Amazon
Apple shares hit an intraday record with revenue growth expected to increase to 15% in fiscal 2021 from 6% in 2020
29 December 2020 - 18:07
San Francisco — Apple shares rallied to an intraday record on Tuesday, continuing a year-end surge that’s cemented its lead over Amazon as 2020’s best-performing of the largest technology stocks.
Apple has advanced 16% in December amid signs of strong demand for its iPhone 12 models and optimism about its self-driving car efforts. The gains propelled Apple past Amazon with an 87% rally in 2020 compared to Amazon’s 79% increase. The S&P 500 is up 16% in 2020...
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