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It would be faster if Apple launches a new product that performs well, Can Apple Stock Reach $500? It would also further reduce Apple's dependence on the iPhone, and possibly pave the way for the launch of its "Apple Car" several years later. Covid-19 cases are again rising in the country and due to government policies, several lockdowns have been announced in the past couple of months affecting iPhone manufacturing. This could speed up if Apple launches a new product that performs well, It is true that Apple has weathered a downturn like no other, but how much steam is still left in the stock? It is important that you understand its history and consider its price predictions before investing. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article. Apple is one of the most innovative companies in the world and we expect that it will continue to do well. It drew in a cult-like following. we basically see in every sentiment driven sell-off in Apple. Considering that recent predictions show that the price of Apple stock is going to rise in the future, 2023 may be a good time to start buying. The stock reached the $100 mark in June 2020. In the post-financial crisis era, Apples P/E ratio peaked at 35.87 in fiscal Q4 2009. Every new product seems to surpass the previous one. How Long Will It Take Apple to Hit $1,000? - TheStreet Since the company sells much more than just computers these days, Jobs officially changed its name to Apple Inc. Unless there is another stock split on the horizon, it may not be long before shares reach a new record high. However, due to the volatility of the stock market, few analysts predict prices so far out, and those predictions change frequently. It is expected to record a minimum price of $178 and a maximum price of $200 before closing at $189. As for the rest of its hardware business, investors should expect Apple to launch new versions of the Mac, iPad, Watch, and AirPods each year. The price of AAPL stock is expected to be $281 by mid-year and then $313 by the end of the year 2025. As you can see, the curve began to flatten out a little over year ago around fiscal Q3 2011.