If Apple's stock price went to $550 per share, then based on this Share number, the company's Mcap would go to $ 2 lack crore.
Apple is the first company in America to cross the $ 1 lack crore mark in 2018.
⇛With the growth in services and wearable business, the US tech company Apple can become the first company in the world with a market capitalization of $ 2 lack crore. According to a report by market research firm Evercore ISI, Apple could achieve this feat in the next four years.
⇛According to the analyst report, Apple's wearable business could grow to $ 60 billion in the next four years on the basis of the expansion of AirPods and Apple Watch. The same services business can be of 100 billion dollars. The analyst expects Apple to aggressively buy back the stock. Currently, Apple's Mcap is close to dollars 1.4 lack crore.
Services sector will establish a new trend
⇛In the March quarter of this year, Apple's services sector recorded an annual growth of 17 percent. During this period, Apple received $ 13.3 billion in revenue from the services sector. The company has set up new records in its services category, App Store, Apple Music, Apple Video, Apple Cloud Service, Apple TV Plus, Apple News Plus, and Apple Card.
Apple TV Plus and Apple News Plus continued to grow.
⇛According to Apple CFO Luca Mistry, new services such as Apple TV Plus, Apple Arcade, Apple News Plus, and Apple Card are constantly adding new users. Apple now has 515 million paid subscribers on its platform. Their number was 125 million a year ago. The wearables, Home and Accessories segment also generated 6.3 million revenue in the March quarter, recording a record and growing 23 percent year-on-year.
 |
| CFO, Luca Mistry |
https://businessdip.blogspot.com/2020/05/apple-worldwide-developer-conference.html
...................................................................................................................................................................
No comments:
Write comments