Apple 'Will Be The First To Hit' $4 Trillion Market Cap Milestone, Says Dan Ives As Hundreds Of Apps Will Be Built On AI Feature
Portfolio Pulse from Kaustubh Bagalkote
Apple Inc. is predicted to be the first company to reach a $4 trillion market cap, driven by strong iPhone sales and AI integration, according to analyst Dan Ives. The integration of AI is expected to boost Apple's Services revenue significantly.
October 29, 2024 | 3:49 am
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Apple is expected to reach a $4 trillion market cap due to strong iPhone sales and AI integration, potentially boosting Services revenue by $10-20 billion.
Dan Ives' prediction of Apple reaching a $4 trillion market cap is based on strong iPhone sales and AI integration, which are expected to drive significant revenue growth. The anticipated supercycle and AI-driven services revenue boost are key factors.
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