Apple’s market capitalization recently crossed the $3 trillion threshold, and despite generating a lower revenue in fiscal 2023 compared to the previous period, analysts appear optimistic about the company’s future. The Cupertino firm is also expected to enjoy a solid holiday quarter, and next year, its entry into the mixed-reality headset market, paired with other reasons, makes those analysts believe that Apple will reach a market capitalization of $4 trillion by the end of next year.

Analysts also believe that Apple’s Services division will be valued between $1.5 and $1.6 trillion

There appears to be no sign of an iPhone sales slowdown in the recent Asian supply chain checks, with Wedbush analysts stating that Apple could ship between 220 million and 230 million units for the full year of 2024. AppleInsider spotted the investors’ note, which also detailed that Apple’s iPhone 15 lineup will witness a strong holiday season in the coming weeks.

“We believe Apple is heading into a strong holiday season over the coming weeks that should translate into iPhone 15 growth that exceeds Street estimates for the December quarter on the heels of strong upgrade activity within the US and China markets that is resilient despite the bear noise.”

However, with Huawei’s recent resurgence, Apple may experience some heated competition in China. However, Wedbush analysts mention that there is a massive opportunity in the region to ship more than 100 million units in a calendar year. Regarding market capitalization, these analysts not only predict that Apple will reach a market capitalization of $4 trillion by the end of the year but also deem the firm’s Services division to be a healthy contributor to the technology giant’s total value.

This sector alone is said to be valued in between the $1.5 and $1.6 trillion range, and we have seen in multiple quarters that Services was the only category that obtained a higher revenue growth in the following quarter, highlighting that coupled with the company’s hardware offerings, this category is ripe for growth. It should be noted that Wedbush analysts’ prediction of Apple’s total value is based on the company’s current momentum, and there is no telling if it will maintain the same trajectory in the coming months. Regardless, we will continue to deliver timely updates.