Apple Is First Company , to Top $3 Trillion Market Cap.
Shares rose 1% to surpass $190.73 to reach the milestone on June 30, CNBC reports. .
Despite warnings in
May that Apple's Q2 revenue
will likely fall about 3%,
investors remain bullish. .
The Apple bears and skeptics continue to scratch their heads as many have called for Apple’s 'broken growth story' this year in a tougher backdrop to which we firmly believe.., Dan Ives, Wedbush analyst, via June 30 note.
... the exact opposite has happened with Cupertino heading into a massive renaissance of growth over the next 12 to 18 months, Dan Ives, Wedbush analyst, via June 30 note.
In a year where the tech industry
has seen much turbulence, companies
are seeking to "do more with less.".
Investors believe Apple has the means
to thrive in such an environment. .
In our opinion the Street has severely underestimated the massive installed base upgrade opportunity around iPhone 14.., Dan Ives, Wedbush analyst, via June 30 note.
... and now a mini super cycle iPhone 15 ahead with roughly 25% of Apple’s golden customer base not upgrading their iPhones in over 4 years, Dan Ives, Wedbush analyst, via June 30 note.
NBC News reports that Apple shares have risen nearly 47% over the past year