Apple’s (AAPL) market value hit a new all-time high on Wednesday, eclipsing $1.5 trillion, and making it the first U.S. company to ever hit that mark. And while the market is certain to have ups and downs, like the subsequent rout on Thursday, industry analysts still believe the iPhone maker has more than enough room to continue growing.
Wedbush analyst Dan Ives has pointed to Apple’s market capitalization hitting $2 trillion, and BofA Securities’ Wamsi Mohan upgraded the stock’s price target from $340 to $390 a day after Apple hit its new peak.
So what’s driving Apple’s market performance? Well, its hundreds of millions of active users, wildly popular accessories, and its plethora of services are easily