Munster thinks AAPL cab reach $250, a pr tt= $3.8T mkt cap, 37% rally in curr pr

The first trading day of 2022 resulted in a historic day for the U.S. stock market as Apple became the first company in history to reach a valuation of $3T. The tech giant crossed the market cap milestone in afternoon trading, with shares climbing nearly 3% to $182.88 apiece. Lifting investor confidence was the belief that Apple will keep launching best-selling products as it explores new markets like self-driving electric cars, augmented-reality glasses and metaverse $Meta Platforms (FB.US)$ .
Runners-up: The only other company that is currently in Apple's market cap ballpark is Microsoft (), which has a valuation of $2.5T. Google (, ) parent company Alphabet recently slipped out of the $2T valuation club, and was at $1.93T in market cap on Monday.
It took Apple just a year and a half to tack on its latest trillion dollars after reaching a $1T valuation in mid-2018 and $2T in value in August 2020."Being the first company to join the $3T club is a "flex the muscles moment" for [Apple CEO Tim] Cook and company," said Wedbush analyst Dan Ives, adding that it was a "watershed" event for the iPhone maker. "The company continues to prove the doubters wrong with the renaissance of growth story playing out in Cupertino." Ives also said that Apple is continuing to see strong demand for the iPhone 13, and the company's services business is on track .

Ventures analyst Gene Munster said Monday that the metaverse represents the next logical step for the iconic iPhone maker.

iEcosystem: Nearly 1.65B people across the globe connect to the internet through an Apple product, like the iPhone, iPad or iMac. That has led to steady revenue growth, cash flow, and key products having a strong long-term outlook. It has also benefited from demand for consumer electronics during the pandemic, while the company has managed to largely avoid disruptions seen elsewhere in the supply chain, as well as regulatory threats from Washington.

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