Apple Inc. achieved a market valuation of over $4 trillion for the first time, becoming the third company in history to reach this landmark, following Microsoft and Nvidia. The increase in market value is attributed to strong consumer demand for Apple’s latest iPhones, which have outperformed their predecessors in sales.
Since reaching a low point in April, Apple’s share prices have risen by more than 50%. The iPhone, which constitutes over half of the company’s revenue and profit, remains a critical growth driver. Analysts suggest that Apple’s new iPhone 17 lineup has successfully attracted customers across various global markets despite earlier concerns about competition in China and the impact of US tariffs on manufacturing.
Reports indicate that the iPhone 17 has recorded a 14% increase in sales over its predecessor in the US and China. Apple has reportedly absorbed tariff costs instead of passing them onto customers, which may have helped maintain sales momentum.
Nvidia was the first company to cross the $4 trillion mark in July, driven by demand in the AI sector, followed by Microsoft’s return to this valuation shortly thereafter, bolstered by growth prospects associated with its investment in OpenAI.
While Apple has seen robust quarterly results with double-digit growth in key segments, concerns remain regarding its position in artificial intelligence, especially as reports highlight the departure of senior AI executives to other companies.
Recent stock market trends show increases in major indexes like the Dow and Nasdaq, as well as the FTSE 100 in the UK, amidst investor apprehension about a potential stock market bubble. Analysts note that while market resilience is evident, skepticism persists about the sustainability of this growth. Apple is set to announce its fourth-quarter results soon, which are expected to further underline the strength of its services division.
Source: https://www.theguardian.com/technology/2025/oct/28/apple-market-value-iphone