Apple has officially breached the $4 trillion mark in market value, becoming just the third publicly traded company to achieve such a milestone, following closely behind Microsoft and Nvidia. The surge in Apple's stock price is attributed to the strong demand for its latest iPhone models, which have revitalized sales.
According to analysts, including Chris Zaccarelli of Northlight Asset Management, the iPhone accounts for over half of Apple's profit and revenue. With each new phone sold, consumers are increasingly drawn into the company's ecosystem, driving growth. This strategy has helped Apple overcome challenges such as competition in China and high US tariffs on Asian economies.
The latest iPhones, including the iPhone 17 lineup, have won back customers across various regions, from Beijing to Moscow. The slim design of the iPhone Air is expected to help fend off rivals like Samsung Electronics. Early sales of the new iPhone 17 have outperformed its predecessor by 14% in the US and China.
Apple's $4 trillion milestone comes after Nvidia was the first company to achieve this feat, with a market value exceeding $4.5 trillion. Microsoft hit the mark a few weeks later, thanks to a deal with OpenAI that valued the ChatGPT maker at $500 billion. Microsoft's 27% stake in OpenAI is now worth over $100 billion.
While Apple has taken a cautious approach to AI, which had raised concerns about potential losses of senior executives to Meta, the company recently reported its strongest quarterly results in years, with double-digit growth across key segments. Analysts expect Apple's highly profitable services division to surpass $100 billion in revenue when it announces its fourth-quarter results next week.
The success of technology stocks has lifted Wall Street to new highs, with the Dow and Nasdaq Composite rising 0.5% and 0.1%, respectively. In the UK, the FTSE 100 closed at a record 9,696.74, driven by a rise in HSBC shares after its latest figures.
However, some investors have expressed concerns about a potential bubble in the stock market, with many viewing Apple's milestone as evidence of such a phenomenon. Chris Beauchamp, chief market analyst at IG, noted that while there are signs of nervousness around tech earnings, the market continues to demonstrate remarkable resilience.
According to analysts, including Chris Zaccarelli of Northlight Asset Management, the iPhone accounts for over half of Apple's profit and revenue. With each new phone sold, consumers are increasingly drawn into the company's ecosystem, driving growth. This strategy has helped Apple overcome challenges such as competition in China and high US tariffs on Asian economies.
The latest iPhones, including the iPhone 17 lineup, have won back customers across various regions, from Beijing to Moscow. The slim design of the iPhone Air is expected to help fend off rivals like Samsung Electronics. Early sales of the new iPhone 17 have outperformed its predecessor by 14% in the US and China.
Apple's $4 trillion milestone comes after Nvidia was the first company to achieve this feat, with a market value exceeding $4.5 trillion. Microsoft hit the mark a few weeks later, thanks to a deal with OpenAI that valued the ChatGPT maker at $500 billion. Microsoft's 27% stake in OpenAI is now worth over $100 billion.
While Apple has taken a cautious approach to AI, which had raised concerns about potential losses of senior executives to Meta, the company recently reported its strongest quarterly results in years, with double-digit growth across key segments. Analysts expect Apple's highly profitable services division to surpass $100 billion in revenue when it announces its fourth-quarter results next week.
The success of technology stocks has lifted Wall Street to new highs, with the Dow and Nasdaq Composite rising 0.5% and 0.1%, respectively. In the UK, the FTSE 100 closed at a record 9,696.74, driven by a rise in HSBC shares after its latest figures.
However, some investors have expressed concerns about a potential bubble in the stock market, with many viewing Apple's milestone as evidence of such a phenomenon. Chris Beauchamp, chief market analyst at IG, noted that while there are signs of nervousness around tech earnings, the market continues to demonstrate remarkable resilience.
! Their commitment to innovation and ecosystem-building is really paying off 
. I mean, who wouldn't want a sleek new iPhone Air 
? The strategy seems to be working like a charm, especially with the slim design helping them stay ahead of Samsung 
.
! And yeah, I can see why some people are worried about a bubble, but Chris Beauchamp makes a good point that tech earnings have been pretty resilient lately 
. Let's just keep enjoying the ride while we can 
The ecosystem thingy works pretty well for them. But, at the same time, I'm a bit skeptical about this whole "bubble" thing... don't want to jump on that bandwagon too quickly 
. Still, it's hard not to get excited when you're looking at numbers like these! 
I'm not surprised about Apple's $4 trillion mark... it's been coming for years! Their iPhone strategy is genius 
. And with those new iPhones, they've got people eating out of the palm of their hand 
.
but for real tho, 14% more sales in the us & china is no joke 
and its stock price just reached $4 trillion 
. And yeah, the ecosystem thing really seems to be working for them 
.
. But seriously, what's with all these tech stocks going through the roof? It's like people have money to burn