Members of the media take images of iPhone 11, iPhone11 Professional and iPhone 11 Professional Max smartphones within the Apple Marunouchi retailer on September 20, 2019 in Tokyo, Japan.Tomohiro Ohsumi/Getty ImagesApple’s potential plans to launch a line-up of 5G-supported telephones in addition to distant work and on-line studying tendencies globally are seemingly drive its stock price increased, in accordance with an analyst. The iPhone-maker not too long ago turned the primary publicly traded U.S. firm to succeed in a $2 trillion market cap, about two years after reaching the $1 trillion milestone. Apple shares rose 1.2% on Monday. “The outstanding factor for my part is that Apple achieved the $2 trillion market cap with out promoting a single 5G iPhone,” Tom Forte, managing director and senior analysis analyst at D.A. Davidson, mentioned Tuesday morning on CNBC’s “Squawk Field Asia.” “To the extent that the 5G iPhone leads to a number of years of optimistic progress for smartphones, Apple shares can proceed to do properly,” he added. 5G refers back to the fifth technology of high-speed cell web that goals to offer quicker knowledge speeds and extra bandwidth to hold rising ranges of net site visitors.Apple is presently the third-largest smartphone maker by cargo behind Huawei and Samsung. A report from the Nikkei Asian Evaluate mentioned the U.S. tech big is slated to launch 4 models in its 5G lineup with three totally different display sizes. The report additionally mentioned Apple is dealing with delays of between 4 weeks and two months for mass manufacturing.Distant work and on-line learningDue to the coronavirus pandemic, extra folks at the moment are working remotely and have taken to on-line studying.Forte cited calculations by Logitech, which mentioned final month that an estimated one billion folks have been now working from dwelling. “So, on that foundation what you’ve got seen is power in tablets, power in laptops, for Apple, along with robust iPhone gross sales. To the extent that buyers proceed to work remotely and be taught remotely, I feel we’ll see extra power in tablets and laptops,” Forte added. In July, Apple reported a traditionally robust third quarter with double-digit progress in its services segments. Regardless of widespread retail closures in the course of the quarter as a result of pandemic, Apple mentioned its general operations have been boosted by work-from-home tendencies and on-line gross sales. Forte mentioned Apple’s publicity to China, the place iPhone gross sales noticed a pointy leap within the June quarter, may very well be a “vital threat” amid ongoing tensions between Washington and Beijing. Stock break up and price targetsThe firm additionally introduced a 4-for-1 stock break up the place for every share of Apple stock that an investor owns, they are going to obtain three further shares. That makes single shares in Apple extra inexpensive for buyers to purchase. Forte mentioned there’s a likelihood that shares will proceed to climb because of the break up. D. A. Davidson had beforehand raised their price goal from $355 a share to $480. Apple presently trades above $500 and Forte mentioned the agency’s price goal is now underneath assessment. Morgan Stanley in a separate be aware on Sunday raised its price goal for Apple shares from $431 to $520. The funding bank mentioned it expects sustained providers progress and the 5G iPhone cycle to drive double-digit income progress in fiscal 2021 in its base case assumptions.