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Apple is set to be the best-performing of the big technology stocks for the third year running in 2021, outperforming peers like Facebook and Google, according to US-based Loup Ventures.
The venture capital firm said in a set of annual predictions that it expects the performance of the FAANG group of technology heavyweights to fracture next year, with Apple and Amazon already making much stronger gains this year than Facebook, Netflix and Google.
“This is the third consecutive year we have made this prediction. In 2019, Apple was the top performer, and the stock is set to repeat in 2020,” Gene Munster, managing partner at Loup Ventures, said.
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