Influencers expect Apple market cap to grow beyond $3 trillion, reveals GlobalData

Apple, Inc (Apple) has become the world’s first public company to cross the market value of $3 trillion on 3 January 2022. Twitter influencers expect the tech giant’s market value to rise further in the near-term majorly backed by its service business other than the flagship iPhone and other business segments, according to the Social Media Analytics Platform of GlobalData, a leading data and analytics company.

Smitarani Tripathy, Social Media Analyst at GlobalData, comments: “Social media conversations around Apple surged by 60% in the first week of January, when compared to the previous week, as the company’s market capital hit the coveted milestone of $3 trillion in intraday trading. Some of the influencers also expect wearables with augmented reality and virtual reality are likely to drive the company’s growth further in the current year.”

Below are a few most popular tweets captured by GlobalData’s Social Media Analytics Platform:

  1. Ronnie Matrix Mukiibi, Business Analyst Data governance at Goldman Sachs:

“Good read. $AAPL’s fast-growing services business has been a key to the company’s furious market cap growth. Investors & analysts like recurring revenue software business. Services growth could add more in future market value coupled with Apple’s hardware ecosystem. I’m long $AAPL”

https://twitter.com/RonnieMatrix/status/1478374295520919557

  1. James Caan CBE, CEO of Hamilton Bradshaw:

“Yesterday, @Apple briefly hit £3 trillion market capital – greater than the UK’s GDP! In 2021, Apple stock rose 34% and analysts believe the company’s new products (like virtual reality and augmented reality) aren’t yet baked into its share price.”

https://twitter.com/jamescaan/status/1478411923586699268

  1. Paul Scolardi, Trading Analyst

“$VRAR $AAPL $FB $SNAP $GOOG This year is expected to be a big one for Apple’s wearables business thanks to the impending launch of its augmented reality headset.”

https://twitter.com/super_trades/status/1478028043054510082

  1. Abigail Doolittle, Markets Correspondent and Segment Host for Bloomberg Television

“History suggests $AAPL will climb above $3T mkt cap but… only to be followed by a correction”

https://twitter.com/TheChartress/status/1478400941544153093

  1. Paul R. La Monica, Digital Correspondent at CNN Business

“So $AAPL only needs to get to about $243.75 and change to hit a $4 trillion market cap. Heh. Seriously though, that’s just a 34% move from current levels. iMazing.”

https://twitter.com/LaMonicaBuzz/status/1478109526507372547

More Media