Apple’s market capitalization surged to $3 trillion, reaching a significant milestone. The impressive growth owing to the sales and profits has made the company solidify its position as the World’s largest company.
The company’s shares made a progressive 55% increase reaching a new all-time high of $192 this year. Apple is the only industry in history to reach a valuation of $3.02 trillion in January 2022. According to the figures, Apple can experience a further 25% rise in value with a price target of $249/share.
Interestingly, Apple’s market value has exceeded the value of Microsoft by approximately $500 billion and is competing with other trillion-dollar industries including Amazon, Nvidia, Alphabet, and Saudi Aramco.
As Apple has still room of earning more it can reach a significant high in the coming years.
