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Apple's valuation could reach $4 trillion by the end of 2024, the first company to cross a $4 trillion market capitalization, according to Wedbush Securities.
The current market cap of Apple nears $2.99 trillion, after hitting a record of $3 trillion earlier this year.
“With roughly 240 million iPhones in the window of an upgrade opportunity globally now at play for iPhone 15 and Services reaccelerating into [fiscal 2024],” the Wedbush analysts said.
Wedbush also expects Apple to record better revenues, viewing this as the golden opportunity for investors to own Apple for the next year.
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