Apple has made almost $1.5 trillion from iPhone sales alone

Published: May 13, 2022
Updated: May 13, 2022
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Apple has made almost $1.5 trillion from iPhone

Apple has made more than $1.5 trillion from iPhone sales alone.

Apple has become the first US business to attain a market capitalization of $1.5 trillion, with investors and analysts citing robust App Store sales, ARM-based Macs, and the release of a 5G iPhone this fall as reasons for the stock’s rise.

Apple’s market valuation reached roughly $1.53 trillion on Wednesday, according to Mac Rumors, at a current price of $352 per share and 4.3 billion shares outstanding. Apple may become the first film ever to reach the $2-trillion valuation milestone in the next four years, according to a leading analyst recently.

In 2018, Apple became the first US business to surpass the $1 trillion mark. According to market research firm Evercore ISI, the Cupertino-based iPhone maker would be the first company to reach $2 trillion in market capitalization, according to Barron’s.

Also Read Apple Begins Manufacturing the iPhone 13 in India.

Because of the proliferation of AirPods and Apple Watch, the analyst forecasts the Wearables market to increase to $60 billion. In the next four years, the Services sector might reach $100 billion. According to the expert, Apple will continue to aggressively purchase back stock. “Over the predicted period, Apple would lower its share count by nearly 1 billion shares, from 4.6 billion at the end of fiscal 2019 to 3.6 billion in fiscal 2024.

“If the stock price were just over $550, the market valuation would surpass $2 trillion,” stated Barron’s analyst Amit Daryanani. While iPhone sales are declining due to supply and demand concerns, Apple’s Services division is bucking the trend, with robust year-over-year growth of 17% and a new all-time revenue record of $13.3 billion in the March quarter this year.

Morgan Stanley’s Katy Huberty, for example, boosted the firm’s price target on Apple from $164 to $200 in December, while maintaining a buy rating, noting that new items like virtual reality and augmented reality headsets aren’t yet baked into the stock price.

Huberty also predicted that Apple’s App Store sales will exceed Morgan Stanley’s expectations for the quarter and that Apple will sell 83 million handsets in the December quarter, 3 million more than expected.

Many of Apple’s Services categories, including App Store, Apple Music, Video, cloud services, its App Store search ad business, AppleCare, Apple TV Plus, Apple Arcade, Apple News Plus, and Apple Card, achieved all-time highs. According to analyst Ming-Chi Kuo of TFI Asset Management Limited, Apple sold 27 million pairs of its newest AirPods model over the holidays, delivering 20 percent year-over-year growth for Apple’s wearables business during the quarter.

Apple has made almost $1.5 trillion from iPhone

Apple has made more than $1.5 trillion from iPhone sales alone.

The mark is a “watershed moment,” according to Wedbush analyst Daniel Ives, but there is still room for growth, especially because Ives values Apple’s services division at $1.5 trillion.

Apple’s robust balance sheet and prodigious cash flow, which it uses to invest in new products, stock buybacks, and return capital to shareholders through dividends, made it a safe haven for investors throughout recent market volatility.

Also Read Apple Has Launched A Water Bottle That Can Cost Around $59.95

On Aug. 2, 2018, Apple became the first publicly listed US firm to reach a $1 trillion market cap during intraday trading. On Aug. 19, 2020, it was valued at $2 trillion, just over two years later.

Apple’s competitors are close behind. Microsoft is valued at roughly $2.5 trillion, Amazon is worth about $1.75 trillion, and Google is worth slightly under $2 trillion.

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