New record: Apple is already worth more than $ 2.8 trillion

In 2018, Apple became the first technology company with a market value of over $ 1 trillion, last year the market cap jumped to $ 2 trillion, and three months ago Apple became the first company in US history, Apple is already worth over $2.5 trillion. Now the manufacturer has set a new record, reaching 2.8 trillion.

How much?

At the close of trading on Tuesday, Apple's stock was up 3.54% to $ 171.18, a new level. As a result, Apple has a market capitalization of over $ 2.88 trillion. At the same time, Morgan Stanley raised the target price of Apple shares to $ 200.

The increase in the value of shares may be associated with a 30% increase in the plan for the supply of products. According to previous reports, sources from the South Korean components industry said Apple announced a 30% increase in iPhone shipments in the first half of 2022. Thus, the total annual iPhone shipments will exceed 300 million units for the first time.

According to reports, the production of the iPhone 13 line from September to October this year lags behind about 20% of the planned. Therefore, the company had to reduce the overall production plan for the iPhone 13 from 95 million to 85 million. To cope with supply chain problems, Apple has cut production capacity for iPads and older iPhones.

We will remind, next year we expect the release not only of iPhone 14 family, but also an affordable iPhone SE 3, which should debut at the end of the first quarter of next year. Analysts believe that this device will bring Apple sales of 25-30 million units.

Source: Gizchina