As the company continues to be one of the most dominant in the technology sector, there are some experts who believe Apple (APPL) could be set to lead a looming $25 billion business. The brand has been ahead of some of the biggest tech products of the last two decades. However, they could be set to only build on that legacy in the coming years.
Although artificial intelligence has dominated Wall Street, there is always the propensity to look ahead at what could be next. AI may not yet be actualized, but that won’t stop companies from investing in the next ChatGPT. That emerging market could have a massive player in Apple, and they could be set to control the market.
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Apple Could Find Next iPhone in Looming $25 Billion Business
There is no understating of the dominance of Apple as a company. They were the first to hit a $2 trillion market cap and clearly established their upward trajectory. However, they didn’t stop there. Just three years later, they became the first to reach a $3 trillion market cap.
Now, all eyes are on its potential to be the first $4 trillion company. Although Nvidia (NVDA) may have something to say about it, there are few who can compare it to the iPhone creator. With the firm looking to continue expanding its product line, experts say Apple could be set to lead a looming $25 billion business.
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The prospect of augmented reality (AR) technology has been ongoing for several years now. Companies have sought to develop wearable technology, with few being able to crack the code. The closest appears to be Meta, whose Orion glasses are expected to hit the market in 2025.
However, experts are more likely to bet on Apple leading that market eventually. Mark Gurman says that AR and Smart Glasses technology is a $25 billion business. Comparatively, Apple’s AirPods is already a $15 billion business. That clearly showcases how quickly they can get a product to be a top seller.
With the interconnectivity of Apple products, they will seek to do with a smart glasses option what they did with their Apple Watch: transform every iPhone user into an Apple Watch user. That may be a stretch, but if wearable technology catches on, Apple’s consumer base could give them a leg up.