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"I have a prediction that Apple's going to be the top-performing FAANG for 2021. I'm well behind Google right now, I think they're up 30% to 40%, Apple's just up fractionally, but I continue to stand behind that," Munster said.
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Munster added that Apple's recent quarter was the best he has seen in a decade and that he believes the stock will move to $200 per share.
Apple's revenue jumped 54% to $89.6 billion in its latest quarterly report. The company also notched a profit of $23.6 billion and increased its cash dividend by 7% increase to $0.22 per share.
Management authorized an increase of $90 billion to Apple's existing share-repurchase program as well. Analysts mostly reacted positively to the stand-out quarter.