Apple Inc. (NASDAQ) is projected to be the first company to reach a $4 trillion market capitalization by 2025, as per analysts at Wedbush. The company’s stock has increased over 24% this year, driven by expectations that AI enhancements will improve iPhone demand. Analysts believe new "Apple Intelligence" features in upcoming updates could encourage customers to upgrade their devices.
Wedbush highlights three key factors supporting Apple’s valuation: a large installed base of over 2 billion iOS devices, a $2 trillion services business, and significant consumer AI growth within its ecosystem. Apple is set to announce its September quarter results on October 31, and Wedbush maintains an "Outperform" rating for the stock with a price target of $300.
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