Apple Hits $4 Trillion as New iPhones Drive Strong Comeback
Apple has reached a historic milestone, becoming the third Big Tech company to surpass a $4 trillion market value.
The surge comes as strong demand for its new iPhone lineup revives sales and boosts investor confidence.
Apple hit $4 trillion just weeks after launching the iPhone 17 and iPhone Air models.
The stock climbed 0.2% to $269.2 in early trading, setting a new record high.
Since the September 9 launch, Apple’s shares have jumped about 13%, turning positive for the year.
According to analysts, the iPhone remains Apple’s biggest growth driver.
“The more devices they sell, the deeper users move into Apple’s ecosystem,” said Chris Zaccarelli of Northlight Asset Management.
Strong Demand and Global Recovery
Apple faced challenges earlier this year due to fierce competition in China and concerns about high U.S. tariffs.
However, the new iPhones are helping it bounce back.
Early sales reports show a 14% increase in demand compared to last year’s iPhone 16.
The iPhone Air’s ultra slim design has impressed consumers from Beijing to Moscow.
It also gives Apple an edge against competitors like Samsung Electronics.
Despite rising production costs, Apple has managed to absorb the impact of tariffs without hurting sales.
Brokerage firm Evercore ISI expects Apple’s strong iPhone sales to beat market expectations for the September quarter.
It also predicts upbeat forecasts for the December quarter, driven by continued demand for premium models.
Apple joins Nvidia and Microsoft in the exclusive $4 trillion club.
Nvidia currently leads with a market cap exceeding $4.5 trillion.
Balancing AI and Growth
Despite its success, Apple still faces pressure in artificial intelligence.
The company has taken a slower approach compared to rivals.
Its “Apple Intelligence” suite, which includes ChatGPT integration, is delayed until next year.
Reports suggest Apple is exploring AI partnerships with Google’s Gemini, Anthropic, and OpenAI.
Experts believe a clear AI strategy could further excite both consumers and investors.
Apple’s AprilJune quarter showed strong double digit growth across key business segments.
Its next earnings report is due on October 30.
So far this year, Apple shares are up over 7%, trailing behind the Nasdaq’s 22% rise.
