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Apple Inc. (NASDAQ: AAPL) currently holds a market capitalization of $3.9 trillion, showcasing a significant growth of 953% over the past decade, as of March 2. Despite concerns about its slow progress in artificial intelligence (AI) compared to competitors, industry analysts maintain that Apple’s strong brand loyalty and distribution network will enable it to maintain a competitive edge.
As of now, Apple’s stock is priced at $264.85, and to reach $1,000, it would need to surge by 278%. The consensus among sell-side analysts predicts that Apple’s earnings per share (EPS) will grow at an annual rate of 11.5% from fiscal 2025 to fiscal 2028. Assuming a consistent price-to-earnings (P/E) ratio of 33.5, analysts suggest that Apple could reach the $1,000 mark in just over 12 years, although potential valuation adjustments could extend this timeline.
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