• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

Apple May Hit A $3 Trillion Market Cap Before End Of 2021 On Strong iPhone 12 Demand

Femi by Femi
February 24, 2021
Share on FacebookShare on Twitter

According to Wedbush Securities, the more than impressing sales of Apple’s iPhone 12 series could take the tech company to a new market capitalization of $3 trillion by the end of 2021. Currently, Apple’s market capitalization stands at $2.3 trillion and according to an analysis by Wedbush Securities analysts; Strecker Backe and Daniel Ives, the sales of the iPhone 12 series could boost the company’s market capitalization and take it to a whole new milestone of $3 trillion before this year comes to an end.

Also On TechBooky

Two Years After Discontinuing The Original HomePod, Apple Announces New And Revamped Full-Size Second-Generation HomePod

Microsoft In Major Shake-Off, Announces The Disengagement Of 10,000 Employees

Apple Is Reportedly Working On MacBooks With Touchscreens

Kenyan Fintech Startup, Kwara Raises $3 Million Seed Extension

Tunisia AI Startup, InstaDeep Acquired By Germany’s BioNTech For £582m

Wealth management and capital management firm; Wedbush Securities explained in a note to its investors that Apple’s iPhone 12 pro in particular is going through what can be described as a super cycle. This goes to say that the smartphone is having one of its largest sales as a new product. Wedbush Securities analyst; Daniel Ives and Strecker Backe, forecast that the tech company might have an unprecedented record of 250 million units of the smartphone sold by the end of the year.

According to the analyst, “Based on the current trajectory and in a ‘bull case’, Apple might sell ‘north of 240 million units’, with a possibility of hitting an ‘eye-popping’ 250 million. Not only is this higher than the 220 million Wall Street reckons will be reached, but it will also beat Apple’s previous sales record of 231 million units sold in 2015”.

The analysts also made it known that Apple is thriving well in the Asian market and named the country as one of the major catalysts to Apple’s super cycle moment. The Asian market is estimated to be host to over 350 million iPhone upgrades in 2021 and beyond, and Chinese sales are estimated to be the potential source of 20 percent of iPhone upgrades since 2021.

The Apple iPhone 12 series was released on the 23rd of October last year and so far, it has sold better than the iPhone 11 series by 21 percent. Experts believe that the iPhone 12 coupled with a host of other factors could help Apple achieve a new milestone of $3 trillion market capitalization.

Judging by these factors, Apple might really go ahead to make history by getting to the $3 trillion dollar milestone this year.

Related Posts:

  • iPhone 12 Is Top Selling Smartphone, May Push Apple To $3tr Market Cap.
    iPhone 12 Is Top Selling Smartphone, May Push Apple To $3tr…
  • Breaking: Apple Becomes First Company To Hit $3 Trillion Valuation
    Breaking: Apple Becomes First Company To Hit $3 Trillion…
  • Facebook Becomes 5th US Company To Hit The $1tr Market Cap Milestone
    Facebook Becomes 5th US Company To Hit The $1tr Market Cap…
  • The Upcoming iPhone 13 May Get Up To 1TB Of Storage
    The Upcoming iPhone 13 May Get Up To 1TB Of Storage
  • Bitcoin Hit $1 Trillion In Value As Cryptocurrencies Rise Generally
    Bitcoin Hit $1 Trillion In Value As Cryptocurrencies Rise…
  • Apple Is Now A 2 Trillion Dollar Company, The Size Of Italy's GDP And Nearly That Of Africa
    Apple Is Now A 2 Trillion Dollar Company, The Size Of…
  • iPhone 12 Launches Today With The Event Themed "Hi Speed", 5G Could Be The Main Feature
    iPhone 12 Launches Today With The Event Themed "Hi Speed",…
  • Saudi Aramco May Soon Challenge Apple’s Dominance As World’s Most Valuable Firm
    Saudi Aramco May Soon Challenge Apple’s Dominance As World’s…
Tags: Appleapple 3 trillioniphone 12market capitalisation
Femi

Femi

Paul Balo is a wireless communications technologist with interests in VoIP and 5G technologies. He leads the writing team at TechBooky

BROWSE BY CATEGORIES

Receive top tech news directly in your inbox

Loading

Recent

Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023
In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

January 27, 2023
How And How Not Gaming Can Be Used In Solving Real Problems

How And How Not Gaming Can Be Used In Solving Real Problems

January 27, 2023
Tesla Sues Former Employee For Allegedly Stealing Trade Secrets

Tesla Made The Most Money In 2022, But Its Future Still Rocky

January 26, 2023
Shutterstock Introduces Its Generative AI Image Tool

Shutterstock Introduces Its Generative AI Image Tool

January 26, 2023
Meta Agrees To $725M Settlement Of Cambridge Analytica Lawsuit

Meta Set To Reinstate Trump’s Facebook And Instagram Accounts

January 26, 2023
Here’s How ChatGPT Can Help Improve Your SEO

Here’s How ChatGPT Can Help Improve Your SEO

January 25, 2023

Browse Archives

January 2023
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
3031 
« Dec    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 24 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (252) amazon (95) android (281) app (610) Apple (473) artificial intelligence (265) business (338) china (113) cloud (135) cryptocurrency (158) ecommerce (109) enterprise (239) facebook (472) gadget (448) gaming (160) google (545) government (381) guest post (108) instagram (137) internet (352) ios (249) iphone (210) microsoft (261) mobile (281) new feature (287) nigeria (276) privacy (135) research (134) samsung (139) security (374) smartphone (235) social media (671) software (415) startup (268) streaming (140) telecom (157) tips (340) transport (104) twitter (216) united states (191) users (132) videos (115) website (159) whatsapp (129) youtube (106)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

Popular Post

  • Trending
  • Comments
  • Latest
Download Free Editable Resume Templates – Word / Docx – 2022

Download Free Editable Resume Templates – Word / Docx – 2022

July 25, 2022
The Best Free PC Games

The Best Free PC Games

July 29, 2022
Recover Permanently Deleted Emails From iCloud Manually

Recover Permanently Deleted Emails From iCloud Manually

March 5, 2022
Resume and Cover letter Templates for free

Resume and Cover letter Templates for free

July 25, 2022
[Fixed] “Outlook Running Slow Windows 10” Issue

[Fixed] “Outlook Running Slow Windows 10” Issue

February 12, 2020
How is Technology Changing Our Definition of What It Means to Be a Human?

How is Technology Changing Our Definition of What It Means to Be a Human?

April 1, 2018
Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023
In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

January 27, 2023
How And How Not Gaming Can Be Used In Solving Real Problems

How And How Not Gaming Can Be Used In Solving Real Problems

January 27, 2023

Recent News

Tesla Cybertruck Mass Production Won’t Start Until 2024

Tesla Cybertruck Mass Production Won’t Start Until 2024

January 27, 2023
Apple Reportedly Delays Development Of Its Own WiFi Chips

Apple Reportedly Delays Development Of Its Own WiFi Chips

January 27, 2023
Google Commits To Complying With EU Laws On Its Services

Google Commits To Complying With EU Laws On Its Services

January 27, 2023
Airtel Launches Its eSIM Technology In Nigeria

Airtel Launches Its eSIM Technology In Nigeria

January 27, 2023
In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

In Spite Of The Sucess Of Genetically Modified Foods, Debates Abound

January 27, 2023
How And How Not Gaming Can Be Used In Solving Real Problems

How And How Not Gaming Can Be Used In Solving Real Problems

January 27, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite