Apple (NASDAQ: AAPL) is a leading brand in technology and has been growing since its inception. Apple is famous for its fantastic products: iPhone, Macbook, Apple services: apple store, apple music, and iCloud services. Being a leading brand, it is obvious that users prefer its products and trust the brand. Also, its stock (NASDAQ: AAPL) is one of the best sources of growth for many who invest in it. For the last few years, Apple has witnessed 15% growth in its stock, which is massive and appealing. Thus, people ask Can Apple Stock Reach $,1000? Let’s figure it out.
Can Apple Stock Become Worth Of $1000?
Before tackling the mainstream doubt, it is necessary to know that the stock market is not a certain market to offer you expected returns; however, it fluctuates for every company, big or small and there is no accurate way to predict the stock price of any listed company.
However, based on past growth measures, chances are that Apple will reach $1000.
The highest growth in Apple stock was up to $180.43/share on January 03, 2022. Now, it is $180.95/share as of June 02, 2023 (breaking the trend and improving over time).
The overall figure shows the growth pattern of Apple is steady in most cases, which is why it would be worth investing in Apple in the coming time. Want to buy Apple stock? Wait for the end.
Factors Driving Apple’s Growth: Product Innovation and Market Expansion
Apple is in the mainstream, offers as many tech products, and services as possible. The brand itself has created an impact in the minds of people. This creates higher product sales and benefits the company in terms of increased stock value.
Apple, through its innovation, is improvising and coming into the market with newer products and services, so it is overlapping other brands and expanding rapidly.
Here is the leading cause behind Apple stock growth:
Product diversification
Being a technology leader, Apple is running way ahead of others in terms of providing valuable devices. It includes the Apple watch (series 8, latest), iPhone (14, 14 pros, 14 max, 15: upcoming), macbook, apple store, iCloud services, etc.)
As Apple products are trustworthy, durable, latest technology-based, people want to buy them in large amounts.
As the sales increase, so does the growth of Apple stock.
Market expansion
Other than products and services, apple is heading to create a business in healthcare and automotive. For instance, apple is creating a watch to detect blood glucose through its tracking feature.
Overall, these expansions will boost Apple shares, ultimately improving Apple stock prices.
Apple stock price predictions:
In the coming years – it is predicted – that the stock value of Apple will likely increase by 10.60% in 2024 and 11.23% in 2025, as per Zacks Investment Research analysis, a group of 12 analysts forecast.
If everything seems perfectly going; for example, no political impact and nothing like poor market influence occurs, it will surely spike Apple stock.
What could influence Apple stock negatively?
Many factors can affect Apple’s growth badly. Some of them include:
Neck-to-Neck Competition: Apple is not the only company providing all kinds of gadgets, from smart watches to iPhones to home appliances. Other companies have been competing with their genuine products, having a brand value for decades. Some competitors are Google, Dell, and Microsoft; these are continuously improving their offerings and attracting users to experience technology from their end.
In such competition, it is challenging to grow continuously over time, as the products’ sales get affected due to the competitive environment.
Supply issues: Although Apple is excelling in providing products that are durable, designed, and preferable by many; however, the reason for the slow growth of Apple has been its short supply.
During the pandemic, the effect of the ”supply shortage” of Apple products has been the cause of the downfall of Apple stock. Hence, if Apple improves its supply worldwide, it is certain to have growth ahead in the year.
Gradual Innovation: Apple was not ahead in its innovative technology over the last few years. This is why many users slightly shift their attention towards the latest innovative gadgets.
Thus, if Apple does not innovate on time, it might be a cause of depletion of its shares.
Apple stock performance: Last 5-year growth!
Apple has witnessed shakable growth as its stock price increased from $43.75 to $145.31. This means Apple experienced a growth of 232% from March 2018 to March 2023.
Alongside, the S&P 500 increased to 48%.
This figure is mouth-opening, as it also excels the chance of growth in the coming time.
The Process to Buy apple stock: Simple One!
It might be a tedious task if you do not focus on the given steps. However, everything is given here to buy Apple stock.
- Initially, choose a brokerage firm from options like Robinhood, Fidelity, and Charles Schwab.
- Then, transfer funds to the bank account: this requires linking the bank account or transferring funds from a debit/credit card.
- Choose among the Apple stocks and place an order: you will use your brokerage here to buy app stock.
- Select between order types: market price or specified price – your wish.
- Surveillance your stocks: after buying, you need to be updated with stock prices on the news.
Can Apple Stock Reach $1000: Conclusion
Many asked: Can Apple Stock Reach $1,000? The answer is not in the positive side, nor is it in the negative. Reason: Although Apple (AAPL) has been in the leading position by selling its products and services, the market does not follow a set pattern – it is bound to have alterations. Overall, Apple is a leading brand that continues building trust among users worldwide. Therefore, you should become an essential part of it by buying its stock – check how to buy within the blog.