What Are The Annual Revenue Expectations for Apple Stock?
What Are The Annual Revenue Expectations for Apple Stock? When it comes to Apple stock, investors are always looking for the next big thing. And with good reason – since its inception, Apple has been one of the most innovative and successful companies in the world. But as any investor knows, past performance is no guarantee of future success. So what do analysts believe Apple’s revenue will be in the coming years?
According to most estimates, Apple is on track to reach $1 trillion in annual revenue by 2020. This would make it the first company in history to achieve this milestone. If achieved, it would also mean that Apple’s revenues have grown at an average rate of 20% per year over the past decade.
Some analysts believe that Apple could even reach $2 trillion in market cap, though this is something of a stretch with the current iPhone sale numbers.
What Is The Current State of Apple Inc?
The current state of Apple Inc. is strong. The company posted record quarterly revenue of $88.3 billion in the fourth quarter of 2017, up from $78.4 billion in the same quarter a year ago. This was driven by strong sales of the iPhone 8 and iPhone X, as well as robust growth in its services business, which includes iCloud, Apple Music, and App Store sales.
Apple’s stock price has also been on a tear, reaching an all-time high of over $180 per share in early 2018. This gives the company a market capitalization of over $900 billion, making it the most valuable company in the world.
Looking ahead, analysts believe that Apple will continue to grow at a healthy pace. The company is expected to launch new products and services in 2018, including a revamped iPhone lineup, a new Apple Watch, and an AI-powered speaker called HomePod.
So overall, the future looks bright for Apple. Investors should expect strong revenue growth in the coming years as the company continues to dominate the global smartphone market and expands its reach into new product categories.
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