Apple (AAPL) Market Value May Go Off The Charts

apple iphone

Apple Inc Chief Executive Tim Cook recently suppressed apprehensions about low demand for the newest smartphone iPhone X, stating that pre-orders for the 10th anniversary release were “off the charts,”. Now it may be Apple’s market capitalization that will blow us away.

Apple’s stock is approaching record highs , bringing it closer to becoming the first publicly listed company that has a stock market value above $1 trillion. The iPhone X will be released November 3 with a price tag starting at $999 for its base model, the most expensive iPhone yet.

Early reviews of the iPhone X name it the best iPhone yet, while some reviews are directed to malfunctions in FaceID, the company’s new face recognition system.
But Cook last week said pre-orders of the iPhone X were “off the charts”, while the company’s website showed delivery times pushed out to five to six weeks for the phone.

On Wednesday, the company’s stock price was $166.89, down only 1.3 percent from a record high and the market capitalization stood at $862 billion.

Since 2007, Apple’s stock has surged nearly 1,300 percent. The stock has increased roughly 26 percent per year on a compound basis since the beginning 2007. Apple is on the track where it may reach a market capitalization of $1 trillion in 2018.

The mean target price the financial analysts working on Apple was reported at $176.70, equivalent to a market value of $913 billion.


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Many analysts have target prices for the company that put its market value exceeding $1 trillion, one in particular has a target price of $208, equivalent to a market capitalization of $1.074 trillion. Another analyst, least enthusiastic about the comoaby had a price target of $140. No analysts has recommened selling the company’s shares.

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