What To Expect From A $3 Trillion Apple in 2022 (2024)

FAQs

What to expect from Apple results? ›

Apple is expected to report fiscal adjusted earnings rose 6.3% year over year to $1.34 a share and revenue grew by 3.2% to $84.4 billion, according to analysts surveyed by FactSet. A year ago, the company reported $1.26 a share in earnings on revenue of $81.8 billion.

Apple on Monday became the first publicly traded company to be worth $3 trillion, the New York Times reports. Driving the news: It comes less than two years after the company became the first to hit a $2 trillion valuation.

Apple Is the World's First $3 Trillion Company.

Apple Stock Hits Record High On AI iPhone Anticipation — As Analysts Predict $5 Trillion Valuation. Derek Saul has covered markets for the Forbes news team since 2021.

Analysts expect slightly higher revenue for Apple in 2024, with an average estimate of $390.3 billion versus $383.3 billion in 2023. Both numbers are lower than 2022's revenue of $394.3 billion.

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Investors drove Apple's market value below $2 trillion during the first trading session of 2023, a year after propelling it to become, briefly, the first U.S. company to reach $3 trillion.

Nvidia will win the race to a $4 trillion market cap, experts say | Fortune.

Is Walmart a trillion-dollar company? ›

With nearly $650 billion in consolidated revenue during its fiscal 2024, Walmart (WMT -2.43%) is already one of the biggest and most valuable companies on earth. As of this writing, its market value is almost $560 billion. Could Walmart reach a market valuation of $1 trillion by 2030?

Market cap: $3.473 Trillion

As of September 2024 Apple has a market cap of $3.473 Trillion. This makes Apple the world's most valuable company by market cap according to our data.

Nvidia (NVDA -0.03%) recently hit a $3 trillion market cap and is now among the three most valuable companies in the world. Right above it in valuation is Apple (AAPL -0.12%), with a market cap of just under $3.4 trillion, while Microsoft is currently in the top spot at just over $3.4 trillion.

The U.S. Apple Association (USApple) is predicting the 2024-25 calendar year (CY) apple crop will be 259.5 million bushels, a 10.1% decrease compared to the 2023-24 season.

In this article: The market expects Apple (AAPL) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024.

AAPL Stock 12 Month Forecast

Based on 33 Wall Street analysts offering 12 month price targets for Apple in the last 3 months. The average price target is $249.83 with a high forecast of $300.00 and a low forecast of $186.00. The average price target represents a 13.20% change from the last price of $220.69.

1 – How long does it take for Apple to approve an app? The process of getting an app approved can take anywhere from a few days to several months. If you submit your app for review on time, it will usually be approved within 24 hours.

CUPERTINO, CALIFORNIA Apple today announced financial results for its fiscal 2024 third quarter ended June 29, 2024. The Company posted quarterly revenue of $85.8 billion, up 5 percent year over year, and quarterly earnings per diluted share of $1.40, up 11 percent year over year.