Apple Hits $4 Trillion Market Value, Joins Elite Tech Trio

BREAKING: Apple has just achieved a remarkable milestone, securing a market capitalization of $4 trillion for the first time, becoming the third company to reach this historic valuation, following Nvidia and Microsoft. This significant achievement comes amid strong sales of the new iPhone 17, which has propelled Apple shares to fresh highs of approximately $270 in early trading on Tuesday.

The tech giant’s stock surged to just over $4 trillion before experiencing a slight retreat, reflecting the soaring enthusiasm around its latest smartphone. Nvidia currently boasts a market value of about $4.7 trillion, while Microsoft stands at nearly $4.1 trillion.

Apple’s latest rally is largely attributed to optimistic reports from Counterpoint Research, indicating that the iPhone 17 outsold its predecessor in both the US and China within its first ten days on the market. However, despite this victory, Apple’s stock has only risen about 7% year-to-date, as investor concerns linger regarding its position in the competitive AI landscape. Comparatively, Nvidia has soared 44% this year, and Microsoft has increased by 29%.

US stocks opened broadly higher on Tuesday, following a record-setting day on Monday, spurred by positive earnings reports and diminishing fears regarding a potential US-China trade war. Apple continues to be ranked among the world’s most valuable companies, underscoring the vast scale and profitability of its operations.

In the last financial year, Apple reported net sales of $391 billion and a net income of $94 billion. The company sold over $200 billion worth of iPhones, alongside $96 billion in services, $30 billion in Macs, $27 billion in iPads, and $37 billion in other devices.

As Apple continues to innovate and capture consumer interest, all eyes will be on its next moves in the evolving tech landscape. Investors and analysts alike will be watching closely to see if Apple can maintain its momentum and capitalize on the burgeoning demand for its latest products.

Stay tuned for updates as this story develops.