Apple (NASDAQ: AAPL) is one of the world’s largest and most successful technology companies, known for its range of popular consumer electronics, software and services. Its share price has risen significantly over the past decade, from around $20 per share in 2010 to over $152 per share as of February 20, 2023.
Since predicting the future price of a company’s stock involves many uncertainties and variables, investors are turning to artificial intelligence (AI) with tools such as ChatGPT to try to find a possible trading range for Apple shares prices by 2030, based on available information and analysis.
Taking this into account, Fineball asked the AI chatbot to see if it could provide a possible insight into Apple’s stock price range by 2030 based on its past performance and leadership position in the global smartphone market. The AI tool said:
“Based on current trends and analysis, a possible trading range for Apple’s stock price through 2030 could be between $150 and $400 per share. This range is based on several assumptions and variables, including the continued growth in the global smartphone and technology industries, Apple’s ability to maintain and grow market share, and the impact of potential risks and challenges on the company’s future prospects.
Smartphone market
The company’s continued success in the global smartphone market is one factor that could affect Apple’s future stock price. Apple’s iPhone is one of the best-known and most successful smartphone brands in the world, and the company has continued to innovate and introduce new models to the market.
In particular, Finbold reported last May, Apple’s iPhone market share soared 20% despite a drop in global smartphone sales. If Apple is successful in maintaining and growing its market share in the smartphone industry, it could help support future growth in the company’s stock price.
Another factor that could impact Apple’s future stock price is the growth of the global tech industry as a whole. Apple spent almost 100 billion dollars to innovate its products over the past five years, with an 84.33% increase in research and development spending between 2018 and 2022.
In addition, the data acquired by Fineball February 9 indicates that Apple Services had revenue of $79.4 billion in 2022. Revenue came from services such as Apple Cloud, Apple TV, Apple App Store, Apple Music, Apple Arcade, and Apple Fitness+. Interestingly, the total revenue from Apple services was worth more than that of the combined Fortune 500 companies such as Nike (NYSE: OF) and McDonald’s (NYSE: MCD) in 2022.
As technology continues to evolve and new innovations emerge, demand for products and services from companies like Apple is likely to increase. This could help support future growth in Apple’s share price.
Risks for APPL shares
However, there are also potential risks and challenges that could impact Apple’s future share price.
ChatGPT noted:
“One of the main risks is increased competition in the smartphone market as other manufacturers introduce new models and technologies that compete with Apple’s products. In addition, regulatory changes, economic downturns and other factors could all impact the future growth of Apple’s share price.
Projections made by CoinPriceForecast, the finance prediction platform that uses machine self-learning technologyindicate a significant increase in AAPL stock by 2030, according to data retrieved by Finbold on February 20. ChatGPT suggested.
That being said, predicting the future course of Apple stock by the end of 2023 is still difficult and uncertain to predict. On Wall Street, 40 analysts gave the stock a consensus buy rating. In particular, 25 experts recommend a “strong buy” and six a “buy”. Elsewhere, 7 recommend “holding” and two opted for a “strong sell”.
Based on analyst stock valuations for AAPL over the past three months, the average price forecast for next year is $168-53; the target shows a 10.48% upside from its current price. Interestingly, the highest price target over the next year is $195.
It is important to note that any predictions or forecasts regarding the future price of a company’s stock are based on numerous assumptions and uncertainties, and there is no guarantee that they will be accurate or materialize.
Buy stocks now with Interactive Brokers – the most advanced investing platform
Disclaimer: The content of this site should not be considered investment advice. The investment is speculative. When you invest, your capital is at risk.