CrowdStrike’s AI-powered cybersecurity platform is helping businesses and institutions fend off a rising tide of attacks. Microsoft surpassed Apple as the most valuable public company earlier this month and continues to maintain a higher market capitalization ($3 trillion) than the iPhone maker ($2.9 trillion). Apple will report its fourth quarter and annual earnings Thursday, with analysts expecting 0.6% revenue growth from last year to $117.9 billion, according to CNBC. Founded on April 1, 1976, by Steve Jobs and Steve Wozniak, it is now the leading producer of consumer electronics and an economy all of its own.

1. The Friday release of Vision Pro is a “historical moment” for Apple and represents the company’s first real push into artificial intelligence, according to Wedbush analyst Dan Ives.
2. If these steps are effective, the company could be poised for a return to high growth.
3. For a simpler approach, you can review Q.ai’s Inflation Kit or Emerging Tech Kit.
4. Ives also expects the Vision Pro to sell more than one million units in 2025.
5. As mentioned, Microsoft has excellent footing in the rapidly unfolding AI revolution.

This smart thermostat company proved itself on its own, and Google integrated it into its Google Home ecosystem, which also includes smart security cameras and lights that create an advanced home security system. And it has seemingly unlimited resources to do it – Facebook stock has nearly tripled since 2015, and it earned over $70 billion in revenue in 2019 alone. That’s still shy of Apple’s $260 billion that same year, but even Apple needs Facebook and Oculus to survive.

I also believe that the more software-focused nature of Microsoft’s business and lead in AI will help its stock outperform Apple’s over the next five years. © 2024 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. 11,001 employees have rated Apple Chief Executive Officer Tim Cook on Glassdoor.com.

Cook joined the company in 1988 as Senior VP of Global Sales and went on to become Executive VP of Global Operations before taking on the chief executive role. In his tenure, Mr. Cook has more than doubled Apple’s revenue and earnings while growing the company’s value by more than 450%. New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company’s weighted average against that of other companies.

Apple’s second largest segment may see a boost

There’s a very good chance that at least a handful of the top 10 biggest companies by market cap in 2035 are way down the market cap list in 2021. If I had to choose a true longshot candidate to surpass Apple by 2035, it’d be stay-and-hosting platform Airbnb (ABNB 1.26%). Its current market cap is “only” $93 billion, meaning it has more than $2 trillion in ground to make up on Apple over the next 14 years. To be up front, I’m not a fan at all of Tesla’s current market cap of $647 billion.

EPS Growth

First, we should understand that Apple isn’t only about its market cap, which is currently at $2.55 trillion and would make the company the world’s eighth-largest economy if it were a country. It’s also about innovation, the brand, and the ability to please both consumers and investors. There have been instances when Apple lost the top market cap slot, to Saudi Aramco for instance in 2022. However, when we talk about the next Apple stock we don’t exactly think of Aramco. Nvidia has been a tech market leader for years now, and its growth seems unstoppable.

Best Online Brokers Survey Results

Powered by strong sales growth and improving margins, the company’s non-GAAP (adjusted) earnings per share soared 105% year over year to reach $0.82. With a market capitalization of roughly $57 billion, CrowdStrike (CRWD 1.91%) probably won’t be challenging Apple in the valuation race anytime soon. But for investors who are looking for stocks that can match or exceed the market-crushing performance that Apple has delivered over the last half-decade, I believe the cybersecurity specialist stands out as a great pick.

In the September quarter, Apple’s services revenue increased 16% year over year to $22.3 billion. Services include the App Store, AppleCare, iCloud, Apple Pay, Apple Music, Apple TV+, Apple Arcade and other offerings. Earlier, at a media event on Sept. 12, Apple showed off its iPhone 15 lineup and Apple Watch Series 9 smartwatches. But the event was largely surprise-free since most of the news had leaked out ahead of time. The updated MacBook Pro and iMac computers run on Apple’s speedy new M3 family of chips. The processors are the first personal computer chips built using industry-leading 3-nanometer process technology at Taiwan Semiconductor Manufacturing (TSM).

Airbnb has managed to penetrate just 4 million households as hosts so far. The company is just scratching the surface on the hosting side of the equation. In short, Apple is a moneymaker, as evidenced by its $99.6 billion in trailing 12-month operating cash flow. For these reasons, I think Microsoft will soon surpass Apple to become the world’s most valuable company.

Tesla has the best chance of becoming the next Apple stock.

Also, countries around the world have been concerned about the massive data that Chinese companies have about their citizens. Alphabet also has exposure to autonomous driving with its Waymo subsidiary. As the global economy continues to digitize, Alphabet is one stock that would stand to benefit. The company has a reasonable chance of challenging Apple’s dominance at the top and could become the next Apple stock if things go well. Incidentally, many believe that the world’s first trillionaire could also be from the clean energy sector as countries pour billions of dollars to hasten the green energy transition. The following three stocks have the potential to become the next Apple.

We think Apple’s valuation is a bit rich with the stock trading at about 28x 2024 earnings, which is elevated compared to historical levels. Moreover, revenue growth is also likely to remain in mid-single digit levels over the next two years, per consensus estimates. See our analysis of Apple Valuation for more details on what’s driving our price https://traderoom.info/ estimate for Apple and how it compares with peers. Payment processor Block, known as Square until a name change in late 2021, has been a long-term winner since going public. However, as with many growth stocks from late 2021 until now, investors have punished the valuation of Block, cutting the share price around 80% from all-time highs.

This puts Tim Cook in the top 30% of approval ratings compared to other CEOs of publicly-traded companies. The company is scheduled to release its next quarterly earnings announcement on Thursday, February 1st 2024. Click the link below and we’ll send you MarketBeat’s guide to investing in 5G and which 5G stocks show the most promise.

Among other things, Nvidia produces graphics processing units (GPUs) that are essential to the video game industry and are used to mine cryptocurrencies. The company also produces chip sets that power everything from robotics to self-driving cars. As all of these AI-adjacent industries are hot growth areas, Nvidia seems likely to continue at its torrid pace. Add Shopify to the list of high-growth stocks that have fallen back to Earth over the last two years, with shares now sitting about 60% off their highs. As the company’s name change suggests, it has been moving deeper into blockchain applications, and it also moved into the “buy now, pay later” segment of fintech. If the company can get all of its ducks in a row, it could end up being the dominant player in the industry.

Tesla is a play on both green energy and tech, given its software capabilities. Given its exposure to high-growth industries like EVs, solar energy, energy storage, and autonomous driving, Tesla is possibly the best placed to become the next Apple stock. However, when it comes to Apple, it wouldn’t be easy to dethrone the company. Unlike companies like Nokia, which failed to react to the tech changes, Apple has been adopting new technologies and has been gradually growing its target market.

The company designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. Apple also provides and sells related platforms and services tradeview forex to power them and is the host of a widely-used digital ecosystem. The digital ecosystem revolves around the Apple App Store which lists thousands of games and applications for iOS users.