Apple stock, surging in 2023, is on course to hit $3 trillion market cap – maybe within three months. Catalysts include macro developments, WWDC announcements, and Q3 earnings. Apple stock has surged 35% in 2023, with a current valuation at $2.8 trillion. A mere 7.5% gain could propel the market cap beyond $3 trillion.
Apple first surpassed $2 trillion in market capitalization in August 2020, as consumers flocked to its devices amidst the COVID pandemic. The Cupertino-based company even briefly reached a market capitalization of $3 trillion on Jan. 3, 2022, almost exactly a year ago.
Apple's latest results for the second quarter of fiscal 2023 (ended April 1) suggest that the company isn't going to run out of steam anytime soon. It's on track to potentially hit a market cap of $5 trillion by the end of the decade.
Apple's shares briefly touched a record $182.88 per share in Monday's trading. At that price, the iPhone maker's value topped $3 trillion.
Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.
On Feb. 24, 2023, Apple (NASDAQ: AAPL) stock opened at a price of about $147 per share. While it may seem impossible that Apple stock will ever be valued at $1,000, this is not completely out of the realm of possibility.
Achieving $500 will probably take longer than 12 months, possibly around five years if Apple maintains its robust median annual return of 24% since the early 1980s.
Interactive chart of historical net worth (market cap) for Apple (AAPL) over the last 10 years. How much a company is worth is typically represented by its market capitalization, or the current stock price multiplied by the number of shares outstanding. Apple net worth as of June 01, 2023 is $2787.91B.
Apple became the first U.S. stock to hit $1 trillion in 2018, and the first to reach $3 trillion in 2022. Tesla and Facebook's parent company Meta briefly dipped above the $1 trillion mark, but have both fallen back around $600 billion.
Its smartphone business, financially, is actually is significantly worse shape than Apple's, whose mobile division is extraordinarily profitable. It's also worth noting that while Samsung is currently more profitable, Apple remains a much larger company overall.
It was projected that Apple's share price would reach $220 by the end of 2023, $250 in 2024, $315 in 2025, $370 in 2026, $425 in 2027, $465 in 2028, and $480 in 2029. In 2030, analysts anticipate Apple shares will be worth $510. We will now talk about the future of the stock price.
Apple Inc (NASDAQ:AAPL)
The 37 analysts offering 12-month price forecasts for Apple Inc have a median target of 174.00, with a high estimate of 205.00 and a low estimate of 116.00. The median estimate represents a +2.54% increase from the last price of 169.69.
Summary. It's possible that Apple stock will reach $200 in 2023, mostly because markets are very volatile.
Apple and Amazon lost a 'staggering' $800 billion in market cap in 2022.
AAPL Stock 12 Months Forecast
Based on 28 Wall Street analysts offering 12 month price targets for Apple in the last 3 months. The average price target is $182.56 with a high forecast of $205.00 and a low forecast of $120.00. The average price target represents a 4.22% change from the last price of $175.16.
"Apple Becomes First US Company to Reach $3 Trillion Value." Barrons. "Apple Becomes First Company Worth $3 Trillion."
Amazon.com Inc. is the world's first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening monetary policies and disappointing earnings updates triggered a historic selloff in the stock this year.
A trillion is such a huge number, followed by twelve zeros. That is one thousand times a billion (nine zeros followed by 1). Do you know that only 6 trillionaires ever lived on the face of earth? As of today, there are no trillionaires who live on earth.
According to the latest long-term forecast, Apple price will hit $200 by the end of 2023 and then $250 by the end of 2024. Apple will rise to $300 within the year of 2025, $350 in 2026, $450 in 2027, $500 in 2028 and $600 in 2031.
Its high point during that time was $182.94. That's growth of 459.76%. If you sold your $1,000 investment from 2017 at that price, you'd have a total of $4,597.58.
As a result, $10,000 in AAPL stock purchased 20 years ago would be worth about $7.51 million today, assuming reinvested dividends.
Apple traded at a split-adjusted $0.24 on July 6, 1994, according to Yahoo Finance. This means that a $1,000 investment in Apple stock the day “Forrest Gump” was released would now be worth $575,833.79 based on a share price of $138.20 for Apple.