Apple’s market value exceeds $4 trillion, catching up with NVIDIA and Microsoft

Apple’s market value exceeded $4 trillion for the first time on Tuesday, becoming the third major technology company to achieve this milestone, after strong demand for the latest iPhone models eased concerns about its slow progress in the artificial intelligence race.

The company’s shares rose 0.3% to $269.56 in the latest trading at the time of preparing this report.

Apple shares have risen by about 13% since the launch of its new phones on September 9, a notable shift that pushed the stock into positive territory for the first time this year.

Reuters quoted Chris Zaccarelli, chief investment officer at Northlight Asset Management, as saying: “The iPhone represents more than half of Apple’s profits and revenues, and the more phones the company provides to users, the more it is able to attract them to its ecosystem.”

Apple shares suffered earlier this year; Due to concerns about intense competition in China and uncertainty about how the company will deal with high US tariffs on Asian economies such as China and India, which are the company’s two main manufacturing hubs.

New releases

The latest smartphones, including the iPhone 17 and iPhone Air series, attracted customers from Beijing to Moscow within the first few weeks of their launch, while the company bore the heavy costs resulting from customs duties.

Analysts said the Air’s slim design could help fend off competitors such as Samsung Electronics, while early sales of the Air 17 outsold its predecessor by 14% in the United States and China, according to data from research firm Counterpoint.

Brokerage firm Evercore ISI expects strong demand for the latest iPhones to help exceed market expectations for the three-month period ending in September, and issues an optimistic forecast for the quarter ending in December.

Apple is the third company with a market value of $4 trillion after Nvidia and Microsoft.

Nvidia currently tops the list with a market value of more than $4.5 trillion, and regained its value above $4 trillion after its shares rose by 2.2% following an agreement with OpenAI that allows the company that manufactures GPT chat technology to restructure itself and turn it into a public utility company.

Apple’s cautious approach to artificial intelligence has raised fears that it may lose what may be the biggest growth catalyst in this industry in decades, and recent reports indicate that the company is losing a number of its senior executives in the field of artificial intelligence to Meta.

The company has been slow to roll out its Apple Intelligence suite, including GBT Chat integration, while the AI ​​upgrade for its Siri voice assistant has been delayed until next year.

The 10 largest companies with market value in the world

According to the Companies Market Cap website, the 10 largest companies by market value in the world are as follows, as of writing this report:

Nvidia: $4.74 trillion.

Microsoft: $4.03 trillion.

Apple $4.001 trillion.

Alphabet: $3.24 trillion.

Amazon: $2.45 trillion.

Meta $1.89 trillion.

Broadcom: $1.74 trillion.

Saudi Aramco: $1.67 trillion.

TSMC $1.54 trillion.

Tesla: $1.54 trillion.