Apple could be first firm to cross $4T market cap by 2024-end

Logo of Apple 

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.