It is unlikely that the Apple stock will ever crash. Its an easy 60 percent gainer over the next 12-month period. Two analysts have predicted that Apple 's stock is headed to break the $1,000 barrier. It would be faster if Apple launches a new product that performs well, Can Apple Stock Reach $500? Thus, a $1,000 investment in Apple stock a year ago would have been reduced to . gobankingrates.com - Sarah Horvath 5h Apple, one of the largest tech giants in the world, designs and manufactures cell phones, laptops, and smart devices. In fact, the iPhone 12 helped generate 5.5% revenue growth for Apple in fiscal 2020. Its even been rumored but not confirmed by Apple that it is working on an electric, self-driving Apple Car. To make the world smarter, happier, and richer. Buy These 2 Stocks in 2023 and Hold for the Next Decade, Warren Buffett's Latest $2.9 Billion Buy Brings His Total Investment in This Stock to $66 Billion in 4 Years, Joe Biden Has Advocated Cutting Social Security Benefits 3 Times, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Copyright, Trademark and Patent Information. Covid-19 cases are again rising in the country and due to government policies, several lockdowns have been announced in the past couple of months affecting iPhone manufacturing. Just a year after a failed product launch, Jobs and Woz introduced Apple II to the public. While Apple may very well revisit these lows at some point in time over the coming weeks, it is still sitting near the low-end of the range. Apples Big Run: One company that has been a good investment in the last year has been iPhone maker Apple Inc (NASDAQ: AAPL). Jobs decided to ditch the standard floppy disk drive in favor of CD storage and internet downloads. Acquiring AuthenTec and PrimeSense helped Apple create the technology needed to enable fingerprint-enabled payments and facial recognition, respectively. He cleverly launched his latest creation in August, right before the start of the new school year. The Motley Fool recommends Intel and recommends the following options: long January 2022 $1920 calls on Amazon and short January 2022 $1940 calls on Amazon. This model features 5G connectivity, and it also introduces MagSafe, a magnetic connection that improves charging. Consumers can expect to see new offerings, including wearables and services, from Apple in the near future. Will it happen again? By January 1st 1997, it opened at $0.19 and closed at $0.15. As Steve Jobs once said, "Innovation distinguishes between a leader and a follower.". None of them delivered the same results as Jobs. Countless docks aim to bring more ports to Apple users, but the HyperDrive Thunderbolt 3 Mobile Dock specifically targets MacBook Pro owners. In fact, $1,000 in Apple stock bought on March 26, 2020, would be worth about $1,968 today, assuming reinvested dividends. Similar Items . However, due to the volatility of the stock market, few analysts predict prices so far out, and those predictions change frequently. It was the first personal computer with a plastic case and color graphics. Apple is the second-largest mobile phone manufacturer in the world. Apple Inc. is one of the most reliable businesses even though it is not among the ones with the fastest growth. It will then increase significantly to reach $488 by year-end. Changes in Valuations as well as product innovations could speed up the time frame to 2029 or even earlier. It will then rise further to $429 by year-end. This product made Apple the premier leader in personal computing. All while creating the kind of wealth that changes lives. Only a few months later, in May, the first Apple Store opened at Tysons Corner Center in McLean, VA. AirPods didn't receive a warm welcome at first. Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Index or Individual Stocks. Yes, it is likely to reach $500 somewhere between 2029 and 2031. Since that time, Apples P/E ratio has more or less stabilized and has been well contained within a range of 14.5 to 15.5. Alphabet Stock Forecast 2023: Will Google Reach $100? The high cost of Apple products means many customers put their purchases on a credit card. Crazy, huh? A 60-second, George Orwell-esque commercial during the Super Bowl hyped up the new computer before its launch. Cook unveiled the iPhone 4S on October 4. Buy this 2023 Can-Am MAVERICK 1000 TRAIL DPS 50 for $17,099. has put together a pretty compelling piece, Investor group wants to boot Tim Cook, Al Gore from Apple board of directors, Apple still the brightest point in gloomy global PC market, Berkshire Hathaway now owns 5.8% of public Apple stock, iPhone 14 Pro vs Samsung Galaxy S23 Ultra - compared, 14-inch MacBook Pro vs Galaxy Book 3 Pro 14 - compared, Samsung Galaxy S23 vs iPhone 14 Pro - compared, M2 Pro 14-inch MacBook Pro vs M2 13-inch MacBook Pro, 2023 16-inch MacBook Pro vs 2021 MacBook Pro - compared, 16-inch MacBook Pro with M2 Max review: Newfound performance, in same great design, HyperDrive Thunderbolt 3 Mobile Dock review: Convenient port expansion for MacBook Pro, Hyper Thunderbolt 4 Power Hub review: Fast connectivity for demanding users, tinyRigs Leather oriGrid review: Organize while mobile. It would also further reduce Apple's dependence on the iPhone, and possibly pave the way for the launch of its "Apple Car" several years later. It has introduced some of the most critically-acclaimed products and launched some of the most memorable advertising campaigns. However, examining Apples history and future plans can provide some insight as to whether Apple stock can reach $1,000. On 1st December 2021, the stock opened at $167.48 and closed at $177.57. Looking ahead, analysts are expecting even more upside for Apple in the next 12 months. You can also tell that the stock has grown significantly over the years. At the time of writing this piece, Apple holds the title of the world's most valuable company. Apple Stock: It Could Reach $5 Trillion By 2025 AAPL has failed to stay above the $3 trillion valuation mark, but it could reach well past it in a few years. Unlike its gray and beige predecessors, the iMac featured a translucent case in various colors, including blueberry, grape, tangerine, lime, and strawberry. Its time to buy Apple. In fact, $1,000 in Apple stock bought on March 26, 2020, would be worth about $1,968 today, assuming reinvested dividends. 1. Daryanani reiterated an outperform rating and $325 price target on Apple, while describing a bullish scenario in which the stock could reach $500 if Apple can meaningfully enjoy operating leverage and expand gross margin for its hardware products back to 34%. In that scenario, Apple may also struggle to demonstrate operating leverage if operating expense growth continues to outpace revenue growth. If Apples valuation were to somehow improve, we can see Apple reach $1000 a share much sooner than many expect perhaps even as early as next July. Even if the share of other products and services were to rise at a faster pace, it is unlikely Apple EPS will rise at the same pace as the last 9 years, At a slower pace, Apple is likely to reach $1000 only after 2032 and probably between 2035 and 2040 [2036 assuming growth of 15% per annum]. Microsoft Stock Forecast 2023: Is MSFT a Safe Bet in 2023? Meanwhile, Apple is busy selling every iPhone 5 it can make and has already suggested that it plans to sell 50-60 million iPhones this quarter which would drive EPS up to nearly $20.00 or 44.2 percent higher than the year-ago period. While this is certainly possible, it seems highly unlikely in the near future. Apple did just that when the company fired Steve Jobs. However, this assumes the current product and service profile. For October, the minimum value is projected to be $199 while the maximum value will be $225. Apple acquired Siri the previous year and spent 16 months perfecting its technology. That's just what Apple did with Jobs. Evan Niu, CFA owns shares of Apple. Apple's core business still has plenty of room to grow, and it will likely continue to reward patient investors with higher dividends and bigger buybacks. Stocks. Trading Education projects that Apple stock will reach $500 in 2030. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. It projects that AAPL will be priced at $227 within the first six months of 2023. The current share price for Apple Inc is $147.81 (as of 2.12.2022). As the company continues to release more innovative products and services, consumer demand will only increase. The App Store featured 500 applications compatible with both the iPhone and iPod Touch. The stock reached $3 in December 2006 and rose to $4 by April 2007. 3M Stock price as of Feb. 24, 2023: $107.80 3M is a global conglomerate probably best known for its Post-It and Scotch Tape brands. According to our predictions, the stock will be able to reach that mark in 2030. P/E arguments have been made for why the stock is cheap numerous times over the last 2 years, it's refuted all the time and he starts to admit it above and then quietly shift to opinion. Stock prices can also fluctuate in response to news and rumors. We have never missed a long-term price-target on Apple. It is important to also state here that investing in any kind of stock comes with risks. Unless there is another stock split on the horizon, it may not be long before shares reach a new record high. Personal computers were more popular than ever in the late 90s, but they all looked the same. In keeping with our tradition, we are not going to rush you through some figures. The stock will then close at $202 per share. During its two years on the market, the company sold only 10,000 units. On 1st January 1998, the stock opened at $0.12 and closed at $0.16. If you would have invested $1,000 in 2013, you'd have more than doubled your initial investment, according to the article, with the value sitting at $2,390. The need for a lightweight, fully functional tablet led Jobs to create the iPad. No government can match their effectiveness and financial stewardship. From all indications, AAPL is a profitable stock for now. If the stock hadn't split, Apple shares would be about $1,200 each today. By June, Apple shares were back at new all-time highs above $330 and was as high as $514.14 in August prior to a four-to-one stock split. Jobs became the interim CEO after Amelio left. Apple is reportedly developing an augmented reality (AR) headset, according toThe Information, with a target launch date of 2022.