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All-time high!Apple is worth $2.5 trillion

Posted by: yiernuolashes 2022-09-10 Comments Off on All-time high!Apple is worth $2.5 trillion

After two days of continuous gains, Apple’s stock price rose nearly 3% to $149.57, reaching a record high, and its market value has now exceeded the $2.5 trillion mark.

As a result, Apple has also become the first U.S. listed company with a market value of 2.5 trillion yuan, less than a year since Apple’s market value exceeded 2 trillion U.S. dollars.

Earlier, it was reported that Apple requires suppliers to produce more than 90 million new iPhones by the end of this year, an increase of 20% compared to 2020.

Regarding the reason for the increase in production, Bloomberg believes that the global promotion and vaccination of the new crown vaccine will make the mobile phone consumer market have a broader prospect in 2021.

In response, JPMorgan analysts raised the price target for Apple from $170 to $175 and included the stock on the analyst’s watch list.

Citibank also raised its valuation for Apple and maintained a “buy” rating with a price target of $170.


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