After three trillion, where will Apple's subsequent gains come from?

Apple on Monday became the first U.S. company to reach a market capitalization of $3 trillion. One analyst believes that this milestone represents a market bet on the upcoming important new products of the company.

Tom Forte, managing director and research analyst at DA Davidson, said on CNBC's "Power Lunch" show: "What's unique about reaching $3 trillion is that investors are willing to bet on major products coming soon, including an electronic car, some that allow them to use metaversics, augmented reality (AR), virtual reality (VR). "

Apple is notoriously secretive about new product plans, but many top Wall Street analysts believe the company could launch e-cars or AR/VR headsets in the near future.

"At some point in time, investors aren't going to just accept Apple while assuming they're going to grow forever. At some point, they have to have new product launches, and they have to show that they can develop these exciting new markets," Ford said.

However, analysts believe Monday's market cap break shows that investors still believe in the company's future success.

"Today, investors are willing to bet on this assumption. That's why I think it hit a $3 trillion market cap," Forte said.

Wedbush's Dan Ives said Apple's services business is also a big part of the company's outlook. Services include features such as the App Store, Apple Music, and Apple Pay.

"The key to Apple's revaluation remains its services business, which we think is worth $1.5 trillion in the eyes of Wall Street, and coupled with its flagship hardware ecosystem, it's in the midst of the strongest product cycle in more than a decade, led by the iPhone 13," Ives said in a note Monday.

In Ford's view, Apple's ascent to the $4 trillion threshold will depend on how well the company enters the electric vehicle market and leads in augmented and virtual reality.

"The key will be the new product," he said.

This article originated from the financial world