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Every week Benzinga conducts a sentiment survey to find out what traders are most excited about, interested in or thinking about as they manage and build their personal portfolios.

Benzinga polled a group of over 500 investors on whether shares of Apple Inc. (NASDAQ: AAPL) or Facebook, Inc. common stock (NASDAQ: FB) would grow the most through 2022.

Apple vs. Facebook

Apple develops a variety of consumer electronics devices, including the iPhone, the various iPads, Mac computers and the App-le Watch. As of 2020, it is the iPhone that brings in the majority of Apple’s total revenue.

Apple also offers its customers a variety of entertainment and payment services such as Apple Music, iCloud, Apple TV+, Apple Card and Apple Pay.

The company generates around 40% of its revenue in North and South America, with the remainder generated internationally.

As a social media conglomerate, Facebook is known for more than its news feeds and has acquired brands such as Instagram, WhatsApp, Ocu-lus VR and Giphy in recent years. Facebook products connect people with friends and family via mobile devices, PCs, virtual reality headsets and in-home devices.

Of the respondents, 76% told us that Apple’s stock will grow strongly through 2022.

Retailers and investors who participated in the surveys said Apple’s stock will rise due to increased demand for consumer electronics products following the pandemic. Many respondents also cited recent news that Apple will enter the EV sector as a reason for the stock’s potential growth next year.

It was reported that Apple shares rose 2.85% during regular trading on 22 December after a Reuters report said the Cupertino-based company was planning to launch electric vehicles in 2024.

If Apple were to partner with an established EV maker on vehicle production, several respondents said working with Nio Inc (NYSE: NIO) or Tesla Inc (NASDAQ: TSLA) would be more than a possibility for Apple to shorten the time it takes to bring its own EV to market.

This survey was conducted by Benzinga in December 2020 and included responses from a diverse population of adults aged 18 and older.

Participation in the survey was entirely voluntary, with no incentives offered to potential respondents. The survey reflects the results of over 500 adults.

Source: (finance.yahoo.com)