Analysts that US Apple's “king of market capitalization” will hit the highest price again after closing on the 14th and will reach 4 trillion dollars next year
metres $Apple (AAPL.US)$Shares closed at record highs in the US stock market on the 14th. What is the year-to-date rate of increase53%Then, the total market value is about3.08 trilliondollars. The company is ranked by market capitalizationHold on to number one in the worldI did. US Treasury yields have declined amid slowing inflation and signs of economic solidity, and Apple stocks have risen over the past month along with other technology stocks. The recent rise in Apple stocks was a major reversal from October, when the stock price hit a low for the first time in about 5 months on a closing price basis amid concerns surrounding sales growth and sales in China.
Wedbush Securities strategist Dan Ives predicted that “there is a high possibility that Apple's total market value will reach 4 trillion dollars by the end of next year.” Target stock price as beforeRaised from $240 to $250, what is the investment decisionContinue to “buy”。
Mr. Ives said, “The next few weeks will enter a strong holiday season, and since upgrades in the US and Chinese markets are going strong, it is expected that the number of iPhone 15 units sold in the October-12 fiscal year will exceed market consensus.” He also predicts that iPhone shipments this year will exceed Wall Street's expectations (220 million units - 230 million units).
However, Apple's sales declined for 4 consecutive quarters until July-September (fourth quarter). In November, it was shown that sales for October-December (first quarter), including holiday sales, would be about the same as the same period last year, which caused disappointment among some investors.
Meanwhile, according to Apple's financial results for the fourth quarter of '23 (fiscal year ending July-September), app sales, music distribution, etc.Service businessIt also hit a record high again. Wedbush said the value of the company's service business could reach $1.6 trillion. Is the service business Apple stock price in the near future“The main driving force”It is said that there is a high probability that it will become.
Source: Bloomberg, MINKABU, moomoo
This article uses automatic translation for some of its parts
— MooMoo News ZOE
This article uses automatic translation for some of its parts
— MooMoo News ZOE
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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