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Apple has once again approached the $3 trillion mark

Apple is confidently on its way to a market capitalization of over $3 trillion
(photo: CC0 Public Domain)

At the beginning of the year, the market kApple’s capitalization briefly exceeded $3 trillion, but failed to establish himself in this position. Yesterday’s achievement by It’s $2.98 trillion an event worthy of investors’ attention. Trading ended on $189.25 per share, although the day’s gains were limited to a token 0.63%.

The positive dynamics in the securities of the American company was facilitated by the enthusiasm for artificial intelligence technologies and the expectations of investors related to the end of the period of continuous increase in the rate of refinancing by the monetary authorities of the United States.

That is, at the moment there are no concrete signals for maintaining the growth in the price of Apple shares, and the dynamics are supported by the general mood of investors regarding the prospects for the economy, commented Reuters.

Since the beginning of this year, Apple shares have gained 51%, but they are not at all record-breaking in terms of growth rates, as Nvidia’s securities have managed to almost triple in price during that time.

Apple’s May quarterly report, although it revealed a decline in profits and revenue, still came in better than market expectations, and therefore Apple’s assets are considered by investors to be quite reliable.

Analysts at Wedbush Securities said Apple’s capitalization could reach $4 trillion in a few years. They believe that the company will be able to increase its revenue in the services segment to $100 billion by the end of this year.

Accumulated pent-up smartphone demand also adds optimism to analysts’ estimates, as up to a quarter of all iPhones in use haven’t been updated in at least four years. This suggests that the launch of the iPhone 15 could be the start of a “small refresh supercycle”.

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