{"id":28721,"date":"2023-06-28T13:35:23","date_gmt":"2023-06-28T17:35:23","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/apple-nears-3-trillion-the-stock-wont-be-stopping-there-says-analyst\/"},"modified":"2023-06-28T13:35:24","modified_gmt":"2023-06-28T17:35:24","slug":"apple-nears-3-trillion-the-stock-wont-be-stopping-there-says-analyst","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=28721","title":{"rendered":"Apple Nears $3 Trillion. The Stock Won&#8217;t Be Stopping There, Says Analyst."},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000680809\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<\/figure><\/div>\n<p>Tech giant<br \/>\n        Apple<br \/>\n       was inching toward a market-cap milestone in trading Wednesday.<\/p>\n<p>\n        Apple<br \/>\n       (ticker: AAPL) shares hit another record at the close Tuesday of $188.06, the stock\u2019s fifth record for the year. If<br \/>\n        Apple<br \/>\n       closes at or above $190.73 on Wednesday, the iPhone maker officially will have a market cap of $3 trillion. <\/p>\n<div class=\"paywall\">\n<p>Shares of Apple were rising 0.4% to $188.77 in early trading Wednesday.<\/p>\n<p>Apple\u2019s stock has been on a roll, surging 45% in 2023. Investors have bought up shares of the company along with other tech companies amid excitement around the future of artificial intelligence. Traders also have been buying up the stock following new product announcements, including the highly anticipated Vision Pro headset. <\/p>\n<p>\u201cThis product and application build out could be another tailwind to Services<br \/>revenue in FY25 as more consumers start to make the path down the mixed reality headset with Apple as Vision Pro price points start to come down markedly in FY25,\u201d Wedbush analyst and long-time Apple bull, Dan Ives, wrote in a research note Wednesday. He rates Apple stock at Outperform with a $220 price target. <\/p>\n<p>Ives believes Apple\u2019s annual services revenue, which includes the App Store and Apple Music, can hit $100 billion in fiscal 2024. Services revenue in 2022 was $78.1 billion.<\/p>\n<p>\u201cHerein lies the key to the valuation rerating that we believe will continue to take place around Apple\u2019s stock as the Street further appreciates the sheer massive potential of this services revenue,\u201d Ives said. \u201c\u2026 We believe Apple\u2019s fair valuation<br \/>could be in the $3.5 trillion range with a bull case $4 trillion valuation by FY25.\u201d<\/p>\n<p>Write to Angela Palumbo at angela.palumbo@dowjones.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/apple-stock-3-trillion-market-cap-ab9ef5ba?mod=markets\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of $188.06, the stock\u2019s fifth record for the year. If Apple closes at or above $190.73 on Wednesday, the iPhone maker officially will have a market cap of $3 trillion. Shares of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":28722,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"footnotes":""},"categories":[241],"tags":[83],"class_list":["post-28721","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-markets","tag-featured","post_format-post-format-gallery"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Apple Nears $3 Trillion. The Stock Won&#039;t Be Stopping There, Says Analyst. | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=28721\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple Nears $3 Trillion. The Stock Won&#039;t Be Stopping There, Says Analyst. | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=28721\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-28T17:35:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-28T17:35:24+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1687973723_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=28721#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=28721\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Apple Nears $3 Trillion. The Stock Won&#8217;t Be Stopping There, Says Analyst.\",\"datePublished\":\"2023-06-28T17:35:23+00:00\",\"dateModified\":\"2023-06-28T17:35:24+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=28721\"},\"wordCount\":281,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Markets\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=28721#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=28721\",\"url\":\"https:\/\/ifintechworld.com\/?p=28721\",\"name\":\"Apple Nears $3 Trillion. The Stock Won't Be Stopping There, Says Analyst. | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-06-28T17:35:23+00:00\",\"dateModified\":\"2023-06-28T17:35:24+00:00\",\"description\":\"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=28721#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=28721\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=28721#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apple Nears $3 Trillion. The Stock Won&#8217;t Be Stopping There, Says Analyst.\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Apple Nears $3 Trillion. The Stock Won't Be Stopping There, Says Analyst. | iFintechWorld","description":"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=28721","og_locale":"en_US","og_type":"article","og_title":"Apple Nears $3 Trillion. The Stock Won't Be Stopping There, Says Analyst. | iFintechWorld","og_description":"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of","og_url":"https:\/\/ifintechworld.com\/?p=28721","og_site_name":"iFintechWorld","article_published_time":"2023-06-28T17:35:23+00:00","article_modified_time":"2023-06-28T17:35:24+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/06\/1687973723_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=28721#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=28721"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Apple Nears $3 Trillion. The Stock Won&#8217;t Be Stopping There, Says Analyst.","datePublished":"2023-06-28T17:35:23+00:00","dateModified":"2023-06-28T17:35:24+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=28721"},"wordCount":281,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Markets"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=28721#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=28721","url":"https:\/\/ifintechworld.com\/?p=28721","name":"Apple Nears $3 Trillion. The Stock Won't Be Stopping There, Says Analyst. | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-06-28T17:35:23+00:00","dateModified":"2023-06-28T17:35:24+00:00","description":"Tech giant Apple was inching toward a market-cap milestone in trading Wednesday. Apple (ticker: AAPL) shares hit another record at the close Tuesday of","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=28721#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=28721"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=28721#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Apple Nears $3 Trillion. The Stock Won&#8217;t Be Stopping There, Says Analyst."}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/28721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28721"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/28721\/revisions"}],"predecessor-version":[{"id":28723,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/28721\/revisions\/28723"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/28722"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}