Apple shares increased by about 40 percent in 2024, bringing the company closer to a market value of $ 4 trillion. As of December 27, the company is valued at $3.92 trillion and needs only a small increase in share value to surpass this historic mark.
Apple is set to reach a market capitalization of $4 trillion
Among the key factors behind the $4 trillion growth is Apple’s foray into artificial intelligence. The company, which has moved to bring Apple Intelligence features to almost every device, has entered the “golden age of growth” with these initiatives.
Analysts raised the company’s stock target price to $325, pointing to Apple’s efforts to integrate artificial intelligence into its products. Apple shares, which are currently trading at $ 253, are likely to increase in the next 12 to 18 months.
JPMorgan analyst Samik Chatterjee stated that Apple reached more than two billion active users globally in 2024 and continued its growth thanks to this ability. Chatterjee said that investments in services are also important in the company’s success.
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