Apple could hit $3T market cap by 2022, says analyst

Continuing iPhone 12 demand is exceeding Wedbush's most bullish expectations, with the firm predicting that a $3 trillion Apple market capitalization can be hit by mid-2022.

Credit: Andrew O'Hara, AppleInsider
In a note to investors seen by AppleInsider, lead analyst Daniel Ives writes that recent supply chain checks in Asia continue to be "incrementally bullish" around iPhone 12 and iPhone 12 Pro demand. The current trajectory is higher than Ives' previous bull case scenario for the December quarter.

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