The $9,995 price tag probably didn't help. Judging by the figures provided by various publications, Apple's stock . From all indications, AAPL is a profitable stock for now. Cost basis and return based on previous market day close. This product made Apple the premier leader in personal computing. However, consumers proved these naysayers wrong, and Apple sold over 12.5 million AirPods by the end of 2018. For the last month of the year, December 2023, the Apple stock is expected to record a minimum price of $213 and a maximum price of $241. Those conflicts could be costly, but Apple was still sitting on nearly $196 billion in cash and marketable securities last quarter -- so it can easily afford to challenge those entrenched rivals. During the launch quarter, the iPhone 4S represented 1 out of every 4 smartphones sold which was by far Apples biggest penetration within the smartphone space. The bears have argued that Apples fumble with its Maps App suggests that the company lacks leadership without Steve Jobs. If youre feeling the tug of entrepreneurship and want to know how to get started, wed love to help you. The uptrend that will get the stock across the $300 mark in 2025 will last throughout 2026 too. Do you want to know whether it is a profitable investment? It is unlikely that the Apple stock will ever crash. Again, though, stock price predictions beyond one year are rare from analysts, because they are so unreliable. By 1ST January 1988, it opened at $0.38 and closed at $0.37. At the beginning of 2020, Apple shares were trading at around $296. That means +561% from today. Samsung's Galaxy S23 Ultra is a high-end smartphone that aims at Apple's iPhone 14 Pro with a 200-megapixel camera and a high-resolution 6.8-inch display, as well as a stylus. On 1st January 2020, the stock opened at $76.07 and closed at $68.34. If you love AppleInsider and want to support independent publications, please consider a small donation. Buying Apple down here at $630 a share will make any fund managers year. Microsoft is a direct Apple competitor, which you can learn about in this Steve Jobs vs. Bill Gates Epic Rap Battle (NSFW disclaimer). Then, when youre ready, come join us inside The One Percent, a give-first community of entrepreneurs who collaborate to build businesses, invest the profits, and create positive change in the world. Jobs also announced we would step down as CEO in September of this year due to his deteriorating health. If the stock makes a run back toward the recent high, $89 is in play. Individual results will always vary and yours will depend entirely on your individual capacity, work ethic, business skills and experience, level of motivation, diligence in applying the Capitalism Programs, the economy, the normal and unforeseen risks of doing business, and other factors. One of Satechi's newest docks is the Pro Hub Slim, which adds seven additional ports to the latest MacBook Pro and MacBook Air models. Sofi Stock Forecast 2023: Will SOFI Stock Recover? The company sold over 12 million units by the end of the year and gained dominance in the growing tablet market. After keeping the same basic style and look, Tim Cook decided it was time to reinvent the iPhone for its tenth anniversary. Here's how the Galaxy S23 compares against the iPhone 14 Pro. Though some may consider it expensive, it is worth every dollar you will have to pay and even more. The general public just didn't see the need for circuit boards. Consumers could visit the online store to download digital copies of music, movies, TV shows, and audiobooks. Apple stock has been around for a long time. Keep in mind that brokerage accounts are not FDIC-insured in thesame way that bank accounts are. But first, if trillions of dollars seems impossible to you, check this out: Steve Jobs and Stephen Wozniak (Woz) officially launched Apple, then known as Apple Computer Company, on April 1, 1976, in Jobs' garage. By March of the same year, the stock reached the $1 mark. Although, Apple is trying to diversify its iPhone manufacturing in India and JP Morgan Chase estimates that around 25% of Apples products will be produced in India by 2025. 2021 Benzinga.com. AppleInsider may earn an affiliate commission on purchases made through links on our site. It's highly unlikely that Apple stock will reach $1000 anytime in the next 10 years and here's why. See: 3 Things You Must Do When Your Savings Reach $50,000 While it may seem impossible that Apple stock will ever be valued at $1,000, this is not completely out of the realm of possibility. The company also saw strong online sales. The total number of shares increases, and the value of each individual share decreases proportionally. In April, the Apple stock is expected to record a minimum price of $154 and a maximum price of $174 and then close the month at $164 per share. This could speed up if Apple launches a new product that performs well Latest Apple Stock Price In the last couple of years, AAPL has become a very attractive stock. These circuit boards became known as Apple I, but their first debut at a Palo Alto computer club didn't drive much attention. Apple In 2021, Beyond: The stock eventually made it back up to new split-adjusted highs of $145.09 in January 2021. But there is no question some big-name stocks performed better than others along the way. Assuming a modest P/E of 25, the target share price for 2031 comes out to be $363. Instead of only producing computers, Jobs decided to branch out. If Apple should continue growing at the pace it is growing, we expect that its stock will record more than 200% gain by 2029. A few months after launching the jackless iPhone 7, the company revealed its latest innovationAirPods. We provide entrepreneurs with the tools and resources needed to create successful businesses and build lasting, life-changing wealth. Even though Lisa reached technical acclaim, the public didn't go wild for it. It was here that Jobs revealed the iPhone to an eager audience. Overall, Evercore believes that Apple shares offer an attractive risk/reward trade-off, among the best in the tech sector, so Daryanani recommends that investors take advantage of coronavirus-related volatility to buy the stock. Apple has a reputation for acquiring smaller tech companies the brand can use to expand its product line. And since that time, Apple has more or less traded at the same 14.5 to 15.5 P/E ratio level (click to enlarge): This flattening out of Apples P/E compression curve clearly indicates that the market believes Apples true value relative to its actual earnings stands at roughly a 15 multiple. You can also tell that the stock has grown significantly over the years. In January, they released iTunes to consumers. The Motley Fool owns shares of and recommends Apple. Apple is the oldest of the Big Five American tech companies mentioned earlier. Considering what Apple has achieved and what it can achieve, there is no reason to believe that its stock is currently overvalued. The stock has performed relatively well in the last couple of years. . Apple is an established brand that is not expected to encounter any major difficulty in the near future. It could follow up that device with a lighter pair of AR glasses in 2023. According to the price prediction & data, the price of AAPL is expected to reach $263 by mid-year. 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. In fact, $1,000 in Apple stock bought on March 26, 2020, would be worth about $1,968 today, assuming reinvested dividends. While gross margin in the products category hit 34% in the fourth quarter, Apple's hardware business is highly seasonal; operating leverage peaks over the holiday shopping season. However, examining Apples history and future plans can provide some insight as to whether Apple stock can reach $1,000. Apple (AAPL) Stock Price Predictions For 2023, Apple (AAPL) Stock Price Predictions For 2024, Apple (AAPL) Stock Price Predictions For 2025, Apple (AAPL) Stock Price Predictions For 2026, Apple (AAPL) Stock Price Predictions For 2027, Apple (AAPL) Stock Price Predictions For 2028, Apple (AAPL) Stock Price Predictions For 2029, Apple (AAPL) Stock Price Predictions For 2030, Meta Platforms (FB) Stock Price Prediction. 1. DraftKings Stock Forecast 2023: Will DKNG Rise Above $30? Chart by author. Analysts expect Apple's revenue to rise21% in fiscal 2021, then grow another 4% in 2022. Within just a few days, over 7,700 customers visited the highly anticipated grand opening. Some of its earliest investors have seen their investments grow significantly over the years. STOCK #: CMP111 2023 CAN AM MAVERICK 1000 TRAIL DPS 50 2023 CAN AM MAVERICK 1000 TRAIL DPS 50. A stock split does not mean the company is doing poorly often, it means the opposite. It sold over one million units in 1983 and was why Apple first landed on the Fortune 500 list the same year. And yet, again, you are going to sit on the sidelines?? Its AR/VR headset is rumored to be up for release mid-year. Send Inquiry FINANCING NEW SxS / UTV Available; Only 1 Left! There's no reason why Apple stock couldn't reach $1,000 in the future. we need to look at price predictions from authority prediction sites that use the best algorithm and analytical methods. Apple's stock began trading publicly on Dec. 12, 1980 at $22 per share. It is currently trading at price to earnings ratio (P/E) of 24.30 and has earnings per share (EPS) of 6.11 and hence the share price of $148. It was the first personal computer with a plastic case and color graphics. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. In the last six months, it will grow slightly to close at $468 per share. And if you didn't buy back then, hindsight is always 20/20. Can Apple Stock Reach $1,000? It could ship 230 million iPhones in 2021, according to recent estimates from its suppliers, which would represent 14% growth from2020 and mark the flagship device's best year since 2016. Samsung has released its answer to the iPhone 14 Pro and other smartphones. For September 2023, the minimum and maximum prices of Apple (AAPL) stock are expected to be $190 and $214, respectively. *Average returns of all recommendations since inception. There is no limitation to the highest price that Apple's stock can reach. The Beats Electronics buyout, for instance, happened when the company wanted to focus on Apple Music. It may take more than ten years, but it is almost inevitable unless some serious economic issues arise. They made $111 billion in the fourth quarter. The iPhone 12, Apple's first family of 5G devices, is expected to spark a fresh wave of upgrades this year. Strong shipments of the iPhone, which generated half of Apple's revenue in 2020, should tether more users to its growing services ecosystem, which includes the App Store, Apple Music, Apple TV+, Apple Arcade, Apple Pay, and other services. You must know that though the Apple stock looks very promising, there is a slight chance that it may not perform as well as projected. Between 2013 and 2019, the stock rose 3 fold while it rose 2 fold between 2019 and 2023, During that period, iPhone users globally have risen nearly 4 fold or about 21% of the worlds population. It is difficult to find any reason to doubt the eligibility of the Apple stock as a good investment. While the bright colors initially drew in excited buyers, the iMac was also a bit controversial in the tech world. In 2011, the bears argued that the passing of Steve Jobs meant the death of innovation at Apple. "We expect wearables and services to sustain double digit growth driven by uptick in [average revenue per user] and better monetization of the install base," Daryanani wrote in a research note to investors. Data source: SEC filings. In fact, now may be a good time to buy as waiting may mean that you have to pay more for the stock. Apple (AAPL) stock may close at $225 by the end of the year. It has gained considerably in recent times, yielding reasonable returns for investors. For every share, there were now 7. By January 1st 1997, it opened at $0.19 and closed at $0.15. As stated by Mashable, "Apple removes power adapters and headphones from box, calls it progress." A fund manager even argued that the iPhone 5 felt more like a toy instead of a smartphone, and that his personal assessment somehow suggests that Apple will struggle to sell iPhone 5s. Remember that you will receive additional shares in your account according to the terms of the split, so you wont lose any value in a stock split. In the past year, shares have risen more than 120%.". It will then increase significantly to reach $488 by year-end. Now I'm wishing I held out. It will still record a significant rise to reach $375 by the end of the year. . Bulls would love to see AMD stock rotate over this week's high (near $81) and make a run toward $84. Apples Services segment is all about further monetizing that user base, and services revenue generates an impressive gross profit margin of about 68%. Only a few months later, in May, the first Apple Store opened at Tysons Corner Center in McLean, VA. As of mid-February 2023, Apple has announced three new products this year, including the HomePod, which will enhance audio clarity in households. However, no stock can guarantee a specific return on any asset, evenseemingly unbeatable companies like Apple. The iPod also drew more customers to standalone Stores, helping to boost sales on other products. Every new product seems to surpass the previous one. Though we can predict the future prices of stocks, there is no guarantee that they will move exactly as we have predicted. Apple 's ( AAPL 0.41%) stock price has rallied about 460% over the past five years, defying the bears who claimed its heyday was over. Microsoft's HoloLens is still a pricey developer-oriented device, while Facebook reportedly plans to expand its Oculus VR business into the AR market with lightweight glasses between 2023 and 2025. It improved gradually from February 1998 and on 1st December 1999 it opened at $0.90 and closed at $0.92. $17,099. trading/investing in stocks comes with risks and uncertainties. A successful launch of the "Apple Glasses" would complement its iPhone, Apple Watch, AirPods, and other devices to lock users into its ever-expanding ecosystem. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. Making the world smarter, happier, and richer. If you want tobuy Apple sharesquickly and easily, with0%Commission, check outeToro Exchange! The Apple stock has performed relatively well over the years. The price of AAPL stock is expected to be $281 by mid-year and then $313 by the end of the year 2025. It's also the perfect addition to Apple Pay. When every guest on CNBC is calling for the imminent demise of Apple, when every headline is making a case for why Apple has peaked, and when the stock continues to slide by over a 2 percent a day right in the face of a market rally, thats when you know its time to buy. 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. We also believe strongly that the price of its shares will increase by 2030. (Check out some of the most inspiring quotes from Steve Jobs. Access Your Home's Equity Before It's Too Late! A year later, Steve Jobs and Steve Wozniak incorporated the company as Apple Computer Inc. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. Dependence on China may hurt Apple in the upcoming years also. Going forward, it may become even more profitable as Apple continue to make some of the best consumer electronic devices and provide superior services. There are several avenues available to contact Apple corporate, depending on your needs. Here's how the Galaxy Book 3 Ultra compares against the 16-inch MacBook Pro. Jobs decided to ditch the standard floppy disk drive in favor of CD storage and internet downloads. In the latest quarter, the profit margin for the product segment dipped 152 basis points while for the service segment, it rose 169 basis points.