Apple achieved a significant milestone as its market capitalization closed above $3 trillion for the first time, marking a new high for the company. According to CNBC, Apple’s shares have risen by nearly 49% year-to-date. Although Apple reached a $3 trillion market cap in January 2022, it did not close the market at that level until now, making it the first company to do so.
Investors are showing strong confidence in Apple’s growth prospects. Senior equity research analyst Dan Ives stated in a note that many skeptics and bearish investors have underestimated Apple’s growth potential this year. He believes that Apple is poised for a significant resurgence in growth over the next 12 to 18 months, especially with the iPhone 14 and the anticipated iPhone 15 mini super cycle, which could attract a substantial portion of Apple’s customer base who have not upgraded their iPhones in over four years.
Apple has an ambitious roadmap for future product releases. Last month, the company unveiled its first spatial computing glasses called VisionPro, signaling the arrival of a new era of devices. In the next 18 months, Apple is expected to introduce four new iPhone models in September, along with the second generation of the Apple Watch Ultra and the Watch Series 9.
Furthermore, Bloomberg’s Mark Gurman reported that Apple plans to refresh its MacBook Pro lineup with 13-inch, 14-inch, and 16-inch models powered by the new M3 processor. Apple is also said to be working on the development of other products, including a third-generation version of AirPods, new smart displays for home use, and an Apple TV set-top box with enhanced specifications.
