Apple Forecasted to Reach $4 Trillion Market Cap by 2025... Will Stock Price Rise Another 30%?

US Wedbush Securities Forecast

The stock price of Apple, the world's largest company by market capitalization, is expected to rise by an additional 30% over the next two years, with its market capitalization reaching $4 trillion (approximately 5,248 trillion KRW) by 2025.

According to major foreign media on the 28th (local time), Daniel Ives, an analyst at Wedbush Securities in the U.S., gave Apple a "buy" rating and set a target price of $220 (about 290,000 KRW) on the same day.

Apple's stock closed at $189.25 (250,000 KRW) on the New York Stock Exchange that day. Analyst Ives predicted that the stock price would rise by about 16% more.

He also forecasted that Apple's market capitalization would increase from $3.5 trillion (approximately 4,592 trillion KRW) to $4 trillion by the 2025 fiscal year. Currently, Apple's market cap stands at $2.9676 trillion (3,893 trillion KRW), just shy of the $3 trillion mark, and it is expected to grow by more than 30% in two years.

Analyst Ives said, "Skeptics on Wall Street said the growth story for Apple stock was broken in 2023," adding, "But over the past 18 months, Apple has overcome challenges such as supply chain issues in China and economic slowdown, once again approaching the $3 trillion market cap threshold." He continued, "Over the next 12 to 18 months, Apple is heading toward a renaissance of growth, and the opposite of what was expected is happening."

He criticized Wall Street for undervaluing the large-scale upgrade opportunity based on the installed base centered on the iPhone 14 and the mini super cycle iPhone 15 to be released in the fall. He explained that Apple's services business is approaching $100 billion annually (about 131 trillion KRW) and that its growth rate is in double digits compared to the previous year. He also highlighted the 'Vision Pro,' a spatial computer headset Apple unveiled earlier this month.

He said, "The key to the Vision Pro launch is to build Apple's application (app) ecosystem and stronghold," and predicted, "Vision Pro and the App Store could be the first step for Apple to build a generative artificial intelligence (AI) app ecosystem."

This content was produced with the assistance of AI translation services.