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Apple could become a $3 trillion company by 2022

Posted On: Jan 13, 2021   |   Posted By: iMore

Apple could become a $3 trillion company by 2022

The iPhone 12 is shifting ideas of when Apple will hit $3 trillion.
What you need to know
Apple could hit a $3 trillion market cap as soon as 2022, says Wedbush.
The company cites the overperformance of the iPhone 12 lineup as an indicator for the possibility.
As reported by AppleInsider , Apple may reach a $3 trillion market capitalization sooner than anyone thought. Due to the overperformance of the iPhone 12 , the firm believes that Apple could reach the historic milestone as soon as mid-2022.
In a note to investors seen by AppleInsider, lead analyst Daniel Ives writes that recent supply chain checks in Asia continue to be "incrementally bullish" around iPhone 12 and iPhone 12 Pro demand. The current trajectory is higher than Ives' previous bull case scenario for the December quarter.
According to Ives, the new projections for iPhone sales by Wedbush are 35% higher than what was originally forecast.
Based on those checks, Ives believes the supply chain saw iPhone unit builds in the low to mid 90 million...

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