Apple Ascends the Peak of $4 Trillion Amid Astonishing iPhone Sales
Tech titan Apple has set a new milestone in market valuation following the overwhelming response to its latest iPhone models. On Tuesday, the company’s stock price briefly surged to USD 269.89, pushing its market capitalization to an unprecedented USD 4.005 trillion. Although it slightly dipped by the end of the day, Apple’s value stabilized at USD 3.992 trillion, according to a Reuters report.
Since the launch of the iPhone 17 series and iPhone Air on September 9, Apple’s shares have climbed nearly 13 percent. Research firm Counterpoint reported that demand for the new iPhones in the United States and China is about 14 percent higher compared to the previous models.
Apple stated that the sales of its new devices are “not only driving revenue growth but also deepening customer engagement within its ecosystem.” Analysts added that the sleek and lightweight design of the iPhone Air “will help Apple better compete with rivals such as Samsung.”
Brokerage firm Evercore ISI predicted that Apple’s revenue for the September quarter “will likely exceed market expectations.”
With this latest milestone, Apple has joined Nvidia and Microsoft as the third company to reach a USD 4 trillion market capitalization.
