Apple's Trillion-Dollar Triumph - Navigating The Highs, Lows, And Record-Breaking Rise To Reclaim Its $3 Trillion Valuation
Portfolio Pulse from Zaheer Anwari
Apple Inc. has seen its market cap grow by $1 trillion in 2023, surpassing $3 trillion. Analysts predict a potential rise to $4 trillion by end of 2024. Apple's stock hit record highs, recovering from a 15% drop to an 18% gain, and is now approaching the $200 level. The stock closed at $198.11 on December 14.
December 18, 2023 | 3:32 pm
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Apple Inc.'s market cap grew by $1 trillion in 2023, surpassing $3 trillion. Analysts are optimistic, projecting a $4 trillion market cap by 2024. The stock reached new highs and is near the $200 level, closing at $198.11 on December 14.
The significant growth in Apple's market cap and the optimistic projections by analysts suggest a positive outlook for the stock. The record highs and the approach to the $200 level indicate strong investor confidence and momentum, which could lead to further gains in the short term. However, the stock's performance will need to be monitored as it tests the $200 psychological barrier.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100