Apple's market value is expected to reach $ 3 trillion by 2022
During yesterday's trading session, Apple Stock (NASDAQ: AAPL) rose about 0.21%, ending yesterday's session with a market value of about $ 2.1 trillion. Today, Apple is trading at $ 127.13, up 0.39%. Meanwhile, Dan Eves, a well-known market analyst from Wedbush, has stated that he expects the company to reach a market value of $ 3 trillion by 2022.
AAPL Stock Outlook
Among FAANG shares, Apple was the second lowest performing company. The company has fallen 4.48% since the beginning of the year. This decrease reached 11.7% in December.
Nevertheless, the $ 2.1 trillion tech giant still tops the list of the world's most valuable companies. The company's market value crossed the $ 1 trillion mark in 2018 and the $ 2 trillion mark in 2020, creating a trend that is expected to cross the $ 3 trillion mark in 2022.
Ives' view is particularly uplifting about the company's $ 1 trillion software business. He expects the figure to reach about $ 1.5 trillion soon, which in turn will help boost the company's market value.