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Apple plans to make history

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Apple is said to reach $2 trillion in market cap by 2024.

After it became the first public company to reach $1 trillion in market capitalization back in 2018, Appleis off to a great start of 2020. In the near future, analysts believe that the company will cross the $2 trillion mark. 

On a note released yesterday, one reputed analyst said that the threshold would be reached in the next four years. He believes that the Wearables and the Services segments will continue to grow. For the Wearables segment, which consists of AirPods and Apple Watches, the growth will be around $60 billion, whereas the Services segment will increase to $100 billion.

From the analyst's point of view, the company will repurchase its shares, and by the end of fiscal 2024, it will have 3.6 billion shares. If this happens, the $2 trillion market cap will be possible if the stock price reaches $550.

Apple stock price went up 1.2% during yesterday's trading session. 

Read more about what is happening on the market here!

Sources: 9to5mac.com, investing.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.