But even with the world opening up, projections show that number climbing to $180 on average per user. In the recent quarter, the service sector contributed 20% out of $90 billion in revenue but made up one-third of net income. But can Apple maintain that momentum over the next five years? There is no limitation to the highest price that Apple's stock can reach. However, based on its history, it's more likely that the company. Though the stock was way cheaper some four or five years ago, it is still favourably priced. We also believe strongly that the price of its shares will increase by 2030. Apple's stock price is currently around $150 per share, so it would need to increase by over 700% to reach $1000 per share. Consumers wanted more technology at their fingertips, and the company wanted to compete against gaming systems. How much will stocks sell for in five years? Access Your Home's Equity Before It's Too Late! But is "fired" the correct term? However, many people don't realize that Ronald Wayne was the third Apple founder. In both cases, Apple bottomed out on the following trading session and then went on a 30 percent-plus rally. Similar Items. However, based on its history, its more likely that the company will perform a stock split before its stock hits $1,000. Not everything touched by Jobs and Woz turned into gold. Our own internal ceiling for Apple is around the $850-$875 mark. Go back to Apples fiscal Q1 2012 for example. According to Jobs, yes. Sadly, on October 15, just one day after the announcement, Jobs succumbed to pancreatic cancer, leaving behind a legacy the world would never forget. It wasn't difficult to convince the board to demand Amelio's resignation since the company had record losses topping $1.8 billion. Apples founder and frontman, Steve Jobs resigned in 2011 for health reasons and died a couple of months later. AppleInsider may earn an affiliate commission on purchases made through links on our site. Without a crystal ball or illegal insider trading info, you'll just have to wait and see for yourself. Samsung's February notebook launches include the Galaxy Book3 Pro 14, featuring a Dynamic AMOLED display and a 13th-gen Intel processor. Changing trends make predicting Apples future performance difficult. Apple acquired Siri the previous year and spent 16 months perfecting its technology. Disruption in iPhone manufacturing- Present investors are mostly concerned about Apples dependence on China for iPhone manufacturing. The dawn of a new century brought new product innovations to Apple. //]]>. On 1st January 2016, it opened at $25.65 and closed at $24.33. //