This development was anticipatedfor several dayswhere AAPL stock reached $331.75 on the New York Stock Exchange. It is now done, Apple's capitalization now exceeds 1,500 billion dollars. At the end of the day on Wednesday, buying a share of the company cost the sum of $352.84. The Apple brand is not the only one to shine since other Tech giants such as Microsoft, Google and Amazon are also at the party.
Despite the crisis, Apple maintains bright future prospects
In August 2018, the Cupertino company had already become the first company to cross the billion-dollar mark. Of course, these excellent figures come in a period of very high uncertainty where the economic effects of the Coronavirus pandemic cannot yet be measured very well. According to many predictions, these could be quite strong and long-lasting.
Despite this unfavorable context, analysts retain all their confidence in the company's future. Only a few days ago, for example, we mentionedthe notepublished by analyst Amit Daryanani of Evercore ISI. He expects that by 2024, Apple's market capitalization will exceed $2 trillion. The company would remain strong in many markets but its margin would be particularly boosted by sales of connected services and accessories. If this prediction holds true, the stock price would rise from $352.84 to over $550.
i-nfo.fr - Official iPhon.fr app
By : Keleops AG
