Based on the case study below, prepare a SWOT analysis for Apple in September $2020$

Apple in the age of COVID$-19$: After years of depending on iPhone revenue, COVID$-19$ seemed to shift consumers$$ eyes back to iPads and Macs, and that isn$$t expected to change just yet.

The COVID$-19$ pandemic ushered in a more digital world, giving new life to Apple Inc.$$s sleepier product categories and positioning the company to capitalize on improving spending if the economy rebounds in the next year.

Despite store closures, supply$-$chain disruptions, and strained finances for many customers, Apple $-2\mathrm{.}14\%$ proved one of the biggest winners in the first year of the pandemic as it posted a record fiscal year and saw its stock nearly double. Now with its U$.$S$.$ stores back open and the job market poised to recover, analysts expect that Apple could work past its pandemic$-$related challenges while continuing to benefit from increased reliance on technology.

Though Apple$$s story has revolved around the iPhone for years, the company$$s Macs and iPads became especially critical to people adjusting to remote work and remote learning during the pandemic.

Apple$$s $$9\mathrm{.}03$ billion in Mac revenue during the September quarter became a new company record as families prepared for even more schooling centered on the home.

Amid growing demand for personal computers, Apple jazzed up its offerings with the November rollout of new MacBook Air, MacBook Pro, and Mac mini computers that are the first to feature Apple$$s custom$-$designed M$1$ chip, which promises performance improvements.

The iPad business saw its own revival, growing revenue by upwards of $31\%$ in each of the past three quarters, led by a $46\%$ increase in the back$-$to$-$school September quarter.

A move toward hybrid workforces should continue to benefit Apple, D$.$A$.$ Davidson analyst Tom Forte told MarketWatch, as it means $$sustained high demand$$ for Apple products like Macs and iPads.

Strong pandemic$-$driven sales mean that those categories will have trouble fully matching their $2020$ momentum going forward, with analysts tracked by FactSet calling for both to post at least three quarters in a row of declining year$-$over$-$year revenue beginning with the June quarter.

On an overall basis, however, the company is projected to grow revenue by $22\%$ for the full fiscal year, driven by a resurgent iPhone business. Moderating growth in Macs and iPads probably won$$t matter much for Apple$$s valuation, while strength in iPhones would be a key focus.

The pandemic created an interesting dynamic for the iPhone as Apple launched its first $5$G lineup late last year. Paradoxically, though $5$G was the key selling point of the iPhone $12$ family, people had fewer chances to test out the new wireless standard on their new phones, and Forte said that was probably good news for Apple.

$$The experience for many became using a new smartphone with a faster processor on home WiFi rather than on an undeveloped $5$G network,$$ he said. There $$may have been more risk of frustrated customers$$ had more people been relying extensively on $5$G outside the home, only to discover that the new networks offered little in the way of speed benefits.

Apple released its new iPhone models later than usual, with two out in late October and two in November, though the company still posted a record quarter of iPhone sales in the holiday period. Analysts say this part of the business could see further success as the economy improves.

$$A thousand$-$dollar phone is a lot more expensive to many today than it was pre$-$March $2020,$ Wedbush analyst Daniel Ives told MarketWatch, given the backdrop of layoffs. $$As you start to see job growth return and more money in the pockets of consumers, that$$s going to be beneficial for discretionary items like iPhones.$$

He estimates that $10\%$ to $15\%$ of iPhone demand was wiped out due to a lack of in$-$store interaction and strained consumer finances but predicts stronger demand for the remainder of the iPhone $12$ cycle and into the expected iPhone $13$ launch later this year.

Improved consumer confidence and growing device sales could bode well for Apple$$s services segment, Ives said. Services and the iPhone are $$the heart and lungs$$ of the company, he argued, so a greater appreciation for these parts of the business are key to sending Apple$$s stock higher and helping Apple achieve what he sees as perhaps a $$3$ trillion valuation by the end of this year.

Apple was late to the game with its Apple TV$+$ streaming service and its Fitness$+$ subscription exercise service, but Lopez Research principal analyst Maribel Lopez said that Apple probably got $$a lot more play on their content than they would have if not for COVID.$$

The key will be keeping those new users as life returns to normal, especially as TV$+$ has a smaller library of original shows than other streaming services and suffered from production halts last year like other media businesses.

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