Stock prices have been bearish at times during the pandemic which has seen more than five different variants of Covid 19 ravage the country. However, in some sectors like technology, the projected stock forecasts have continued to be favorable. One such company, Apple, which remains a titan in the computing and mobile space, is on a trajectory to have record breaking profits this year. The company that was started more than twenty years ago by Steve Wozniak and Steve Jobs, is currently priced at almost $180 per share.
The company, who just released the latest iPhone device, has dominated the market with their assortment of phones, earbuds, watches, and laptops. All of which can sync information with one another across wireless technology. Apple also has a new product line up their sleeve allowing them to branch into the world of AR and semiconductor chips,which are synonymous with huge profit as well. Projected market cap shows that the company will reach three trillion dollars by the first quarter of next year, if not the end of the fourth quarter of 2021. WIth all of the excitement investors are jumping at the bit to become the next tech revolution as they leave current competitors Google, Amazon, and Windows in the race to catch up.
