The race to $3 trillion: When will Apple set a new record market cap?

The attention of the market is now focused on whether Apple can surpass the 3 trillion market cap threshold this time. However, after the release of its upcoming headset, which is priced at $3,499 and set to be available for sale in early 2024, the share of Apple stock slid.

Some experts believe that the first generation goggles from Apple are remarkable enough to draw significant attention to this new product category and industry. However, according to well-known Apple analyst, Ming-Chi Kuo, investors are currently more excited about AI than headsets. He suggests that the key to success for Apple's AR/MR headset lies in its ability to integrate with AI/AIGC in the long-term.

Kuo also believes that ChatGPT/AIGC has become a more convincing investment prospect regarding future changes in human life. Higher-than-expected pricing and an extended release date could have negative implications for short-term investment sentiment, and investors should closely monitor pre-order demand. Additionally, they should watch whether Apple can offer a more compelling app/content/ecosystem before the launch.

The market tends to prioritizes practicality over novelty, focusing on whether a new product or service can provide immediate commercial value. This is especially true as iPhone sales show signs of slowing in terms of shipments.

If Apple closes above $190.7341, it will reach $3 trillion, according to Dow Jones Market Data. This achievement would make it the first company on record to close with a market cap above $3 trillion.

Apple has previously closed with a $1 trillion market cap on August 2, 2018, which took 9,491 trading days. In just 516 trading days, it doubled that by reaching $2 trillion on August 20, 2020. It has been 701 trading days since then, and it closed above $2.5 trillion on August 30, 2021.