This Apple Accessory Is Set To See Volume Growth Of 75%; Analyst Says Cupertino Could Develop Second-Gen Version

One of Apple Inc's AAPL products has been quietly making waves, going by comments of prominent Apple analyst Ming-Chi Kuo.

The TFI International Securities analyst said in a tweet, Apple's AirTag has gradually grown in shipments since its release.

Apple unveiled the AirTag in April 2021 and this device helps track any lost personal items from an iPhone.

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Kuo said he estimates AirTag shipments of 20 million in 2021, and that number is expected to climb to 35 million in 2022, a 75% year-over-year increase.

"If AirTag shipments continue to grow, I believe Apple," the analyst said.

Apple closed Friday's session up 1.15% at $131.56, according to Benzinga Pro.