Citigroup Inc. and Wedbush saw the possibility of a tech giant hitting something very important, an increase that means a nearly 50% increase since Thursday closed. With a market value of about $ 2 trillion at the moment, Apple is already the most valuable stock in the world.
The development of Apple Car could increase the company’s sales by 10% to 15% by 2024, analyst Citigroup Inc. Jim Suva wrote in a letter on Friday. By 2025, he expects the global electric car market to surpass the integrated market for Smartphones, PCs, tablets and wearables.
Wedbush analyst Daniel Ives, whose Apple target is Street-high $ 175, also sees an estimated $ 3 trillion in the end. In a letter he wrote Wednesday, he called the recent decline in stocks a “gold-buying opportunity,” which expects the next iPhone 13 to be a “game-changer,” with consumer data indicating higher output prices than the previous generation.
Apple’s shares have slipped by almost 17% since reaching a record high at the end of January amid exchanges for high-tech stocks. They declined 1.8% in the first trade on Friday as concerns over rising securities reached the technology sector as a whole.