What you need to know
- Apple could hit a $3 trillion market cap as soon as 2022, says Wedbush.
- The company cites the overperformance of the iPhone 12 lineup as an indicator for the possibility.
As reported by AppleInsider, Apple may reach a $3 trillion market capitalization sooner than anyone thought. Due to the overperformance of the iPhone 12, the firm believes that Apple could reach the historic milestone as soon as mid-2022.
According to Ives, the new projections for iPhone sales by Wedbush are 35% higher than what was originally forecast.
The analyst predicts that Apple could ship over 250 million iPhones in 2021, comparing the recent surge in demand to only those seen with the iPhone 6 years ago.
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Joe Wituschek is a Contributor at iMore. With over ten years in the technology industry, one of them being at Apple, Joe now covers the company for the website. In addition to covering breaking news, Joe also writes editorials and reviews for a range of products. He fell in love with Apple products when he got an iPod nano for Christmas almost twenty years ago. Despite being considered a "heavy" user, he has always preferred the consumer-focused products like the MacBook Air, iPad mini, and iPhone 13 mini. He will fight to the death to keep a mini iPhone in the lineup. In his free time, Joe enjoys video games, movies, photography, running, and basically everything outdoors.
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