Goldman Sachs analyst says Apple will lose a third of its value in 2020

Many analysts have started to send their clients forecasts within the technology sector. Of all the notes, the one by analyst David Kostin, an analyst at Goldman Sachs, stands out. This analyst states that Apple will lose a third of its value throughout 2020.

In the Kostin report that he has sent to his clients, and to which Business Insider has had access, he states that Apple is currently on the crest of the wave, and like all waves it will have to fall at some point and that will happen throughout this year.

In that same report, Kostin states that technology companies returned 50% of the investment, thus becoming the highest-earning sector, and representing 32% of the rise in the general index. Only two other sectors, financial with 32% and communications, with 33%, were practically at the same level.

Of all the technology companies on the market, Apple is the most important. It doubled in value in one year, reaching a capitalization of $ 1.3 trillion, acapitalization that Kostin claims has gone too far.

Goldman Sachs claims that lApple's profits will be much lower than Wall Street's forecasts for this year and that the tech giant will have similar earnings to other tech companies in the next two years.

Apple shares they released 2020 reaching $ 300 per share, double what they were worth at the beginning of 2019. The spectacular growth that Apple has had in the stock market in the last year seems to have no end according to analyst Gene Musters, who told CNBC that Apple shares could reach 400 dollars per share this year.

While some analysts are optimistic, others are pessimistic. We will have to see how the year passes by check if either of the two is right and if both are wrong.