Apple could be achieve a $3 trillion value at the end of 2021

Apple is currently worth more than $2 trillion. The success of the iPhone 12 line could propel it significantly higher, around $3 trillion by the end of 2021.

iPhone 12 success could push Apple up to a $3 trillion valuation

iPhone 12 success could push Apple up to a $3 trillion valuation / ph: Apple

A decade ago, Apple's market capitalization stood at $300 billion. Today, Apple has exceeded $2 trillion in market capitalization. This is the first company in history to surpass both the $1,000 and $2,000 mark. However, the company's value can still increase even more in the future.

Apple hit a $1 trillion valuation in 2018 and a $2,000 billion valuation just a few years later, in 2020. Following that staggering growth trajectory, two analysts at investment firm Wedbush Securities predict that Apple could reach a market cap of $3 trillion by the end of 2021.

In a note shared by Apple Insider, Wedbush analysts Daviel Ives and Strecker Backe noted that, "based on the current trajectory and in the event of a price increase", Apple is likely to hit this staggeringly large number before the world enters 2022.

While there are plenty of reasons to predict Apple's success from the start of the year, the pair argue that the company's current drive is the result of the iPhone 12 success. They believe that Apple could sell 240 million iPhones this year and maybe even hit 250 million. This would be the best answer to Wall Street's prediction of 220 million iPhones.

Even if it is not able to have satisfactory business results for the iPhone 12, Apple could surpass the 231 million iPhones it sold in 2015 with the iPhone 6 and iPhone 6S generation.

Over the past few years, the smartphone market as a whole has leveled off and declined. If Apple can hit the numbers that Wedbush is suggesting, this shows that Apple can challenge these trends.

The fact that the iPhone 12 Pro Max is the most expensive of the current iPhone models seems to be the best-selling iPhone, shows that, at present, Apple still seems to be keeping in performance amid ongoing stiff competition in the smartphone market.

Whereas the US may still be Apple's number one market for the time being, Wedbush believes China is a major hub when it comes to iPhone demand. Sales in China will be the "stoppage" when it comes to huge iPhone sales, two analysts said.

"We are seeing a significant increase in demand from the China region so far. A positive trend will come in the rest of 2021" said Wedbush analysts.