Apple Reaches $4 Trillion Market Value, Joining Elite Tech Ranks
Apple Inc. has achieved a significant milestone, becoming the third public company to reach a market value of $4 trillion. Following in the footsteps of Nvidia and Microsoft, Apple’s stock price soared to approximately $270 in early trading on Tuesday, marking a historic moment for the technology giant.
This remarkable achievement comes on the heels of strong sales performance from the newly released iPhone 17. According to Counterpoint Research, the iPhone 17 has already outsold its predecessor within its first ten days of availability in both the United States and China. While Apple’s market capitalization briefly exceeded $4 trillion, it later retreated slightly, settling just above this threshold.
Nvidia currently leads the pack with a market value of around $4.7 trillion, while Microsoft follows closely at approximately $4.1 trillion. Both companies have experienced significant stock increases this year, with Nvidia gaining 44% and Microsoft rising by 29%. In contrast, Apple’s stock has risen by only 7% year to date, as investors express concerns regarding its positioning in the rapidly evolving artificial intelligence (AI) landscape.
On the same day that Apple reached its milestone, US stocks generally opened higher, buoyed by recent earnings reports that exceeded expectations and easing tensions surrounding a potential US-China trade war. Apple has consistently ranked among the world’s most valuable companies, a testament to its extensive market reach and profitability.
In its latest annual report, Apple reported net sales of $391 billion, with a net income of $94 billion. The company’s revenue highlights include over $200 billion in iPhone sales, $96 billion from services, $30 billion from Mac sales, $27 billion from iPads, and $37 billion from other devices.
As Apple continues to navigate a competitive market, its recent accomplishments underscore its resilience and ongoing significance in the technology sector. The company’s ability to continually innovate and capture consumer interest will be crucial as it aims to sustain its impressive market valuation and fend off competition from AI-focused firms.
