Apple is nearing the historic $4 trillion valuation mark, buoyed by investor confidence in advancements in artificial intelligence (AI) technology, despite a recent slump in iPhone sales. The company currently holds a market capitalization of $3.85 trillion. The news was reported by Reuters.
Since the beginning of November, Apple’s stock price has surged by nearly 16%, adding $500 billion to its market value. This growth is fueled by expectations of an AI-driven iPhone upgrade cycle, popularly referred to as a “supercycle.”
Apple has already surpassed U.S. tech giants Nvidia and Microsoft in market value. The company previously achieved significant milestones by becoming the first company to reach $1 trillion, $2 trillion, and $3 trillion valuations at different points in its history.
Although Apple has faced criticism for its slower adoption of AI strategies, it has recently begun integrating generative AI technologies, such as OpenAI’s ChatGPT, into its devices and applications. This strategic move has improved its standing in the market and boosted investor confidence.
Analysts predict that iPhone demand may rebound by 2025. They believe that expanding AI capabilities and geographical presence in Apple’s flagship products will positively impact iPhone sales.
Apple’s current market value is larger than the combined market capitalization of Germany and Switzerland’s primary stock markets. Analysts anticipate revenue growth for the company in 2025, maintaining its position as an attractive choice for investors.
