Apple is the most valuable US company with a market value of $1.4 trillion. Longtime Apple analyst Gene Munster, a partner of Loup Ventures, said that apple stock could reach a market capitalization of $3 trillion in a decade. Apple shares were the first to reach a market value of $15 trillion in early June 2020.
Apple’s iPhone business accounted for 53.5 percent of group revenue in the March quarter. In fact, the iPhone 12 helped Apple achieve 55% revenue growth in 2020. In the most recent quarter, Apple’s services business grew 16.6% to $13.3 billion, or 22.9% of Apple’s total revenue, even as hardware sales declined.
On February 28, Apple’s share price was $488 a share. Apple shares were trading at $275.3 two years after the release of the iMacs, a whopping 26.3 percent raise.
Four years later, in September 2012, the share price plummeted to $700 per share, with an impressive return of 25,439% in the stock from one Apple share purchased on the day of the IPO to eight shares.
Following the withdrawal of Apple shares (AAPL), many investors are wondering whether the consumer electronics giant’s stock is a must-buy. Apple investors who buy now and have at least a year to hold on could get high returns on their investments.
Apple reclaimed record highs, making its stake worth more than $1 billion a month for the first time since February, and was trading at record levels on Monday. Apple shares woke up after second-quarter profits, and investors were dreaming big.
Apple broke through the $130 mark after being below it for two months, and shares appeared to be fueled by the fire.
Several analysts predicted that the first two physical retail stores would fail, but the stores took in $599,000 in their opening weekend, and Apple’s new retail model has racked up more than $1 billion in sales since 2004.
Apple will continue to improve its hardware products in the next 20 years and introduce new products with new twists in 2040 as it expands its brand and develops a range of bundled consumer services.
The problem Apple will face in the 2020s is that it will have to deal with how to become a service company in 2040 that will be critical to its profit growth. If Apple sticks to its brand principles, admits its mistakes, and continues to improve its products and services to maintain its technological lead, shareholders will have lots of things to look forward to in the next decade.
This is evidenced by the fact that Apple’s share price has risen steadily since 2001, despite many large share price losses.
Many of Apple’s product launches have not only helped drive up the stock but continue to dominate the global market.
This is evidenced by the fact that Apple’s share price has risen steadily since 2001, despite many large share price losses. Many of Apple’s product launches have not only helped drive up the stock but continue to dominate the global market.
Hence, there is no doubt of APPLE becoming a $3 trillion-dollar company in the next 20 years, so if you’re in stock buy and hold.