Apple Could Hit $4 Trillion Market Cap in 2024

  • Apple has a market cap of approximately $3.1 trillion
  • Wedbush analyst expects Apple to hit a $4 trillion market cap by the end of 2024
  • Apple’s stock has jumped 52% this year
  • Concerns for iPhone demand and competition with Chinese smartphones have impacted Apple’s market cap
  • Analysts believe that iPhone bans in China are containable and have not dented demand for Apple
  • Apple’s stock would need to close at $257.19 or higher to reach a $4 trillion market cap.