Can Apple reach $1 trillion in annual revenue by 2030?

Cupertino-based technology giant Apple became the first company in the world to reach a market value of 3 trillion dollars among publicly traded companies earlier this year. Although it is at the top in terms of market value, it is not in the first place in terms of income. A new goal set by a professor, and the roadmap to achieve this goal, explains how Apple can reach $1 trillion in annual revenue by 2030.

Can Apple’s $1 trillion annual revenue be realized?

Looking at the data for 2021, Apple ranks third after Walmart, which reports $559 billion in annual revenue, and Amazon, which reports $470 billion. New York University professor Scott Galloway explains in what ways Apple will reach trillions by 2030. shared his notes that it can be expected to reach an annual income of $

Galloway stated that although the company is at the top in terms of market capitalization, it reports an annual revenue of $366 million, and that the current growth rate does not allow it to meet its trillion-dollar revenue expectation anytime soon.

Professor, with the acquisitions and investments in areas such as banking, search, health, and also as a rumor for a long time, Apple Car and Apple, which we know that studies are continuing, He thinks that the company could generate a trillion dollars in annual revenue by 2030.

It is stated that, instead of completely dominating the single market, having a certain share in many markets will both make the company more competitive and be an alternative to rival companies, so if it offers better products to users, they can bring their users to their side and generate more income. Galloway says this approach is also a safer method as it will distance the company from a monopolistic approach.

Apple’s annual until 2030 Of course, it is not known at the moment whether it will reach the revenue level of 1 trillion dollars, but considering the annual growth rates of the company and its past strategies, it can be concluded that this is not possible.