Technology giant Apple has set a new record. With the company’s share value rising to $ 290.82, the iPhone manufacturer’s market value exceeded $ 1.3 trillion.
Apple exceeded its market value of $ 1.3 trillion after the company’s shares reached $ 290.82 in post-business transactions. This means that the Cupertino-based giant has broken its own record.
He could break this record in 2020
Apple shares are expected to continue to grow in the coming months, especially by 2020, especially given the company’s launch of a new iPhone series with 5G connectivity. Dan Ives, managing director of financial services and investment company Wedbush Securities, said in an interview with Bloomberg that 5G support for iPhone models could raise the company’s shares to $ 350 next year.
If the new generation of iPhone models are supported by 5G, approximately 300 million of 900 million iPhone users are expected to buy a new iPhone, and with this development, we can say that Apple can increase its market value even further. In addition to the three iPhone models scheduled for release in September 2020, the company may also be able to sell a more suitable iPhone (which may be the iPhone SE 2) in the spring.