AAPL stock soars to new heights with $1 trillion market cap growth in record-breaking year!

Apple’s stock just hit an all-time high, valuing the company at over $3 trillion, with the market cap value rising above $1 trillion in 2023. According to The Street, Wedbush analyst Dan Ives predicts that the company will become the first publicly traded company to exceed a $4 trillion valuation by the end of 2024. Ives believes that a boost in iPhone sales could be a major factor in driving this growth. With an estimated 240 million iPhones eligible for upgrades and a reacceleration of Services, Ives sees this as a golden opportunity to own Apple stock for the next year.

Ives’s bold prediction has gained attention on social media, with his tweet about raising Apple’s price target to $250 going viral. In it, he refers to Apple as one of his favorite tech names and anticipates that Apple will become the first $4 trillion market cap by the end of 2024, given the company’s pace of growth and monetization.

With the company’s stock performing at an all-time high and analysts predicting even greater success in the coming years, the tech giant continues to capture the attention of investors and tech enthusiasts alike. Apple’s rapid growth and potential for even further market cap valuation make it an exciting company to watch in the ever-changing world of technology and finance. So, keep an eye on Apple stock, as it looks set to continue its impressive upward trajectory.