Apple is approaching a record capitalization of $4 trillion: what's going on
Kyiv • UNN
Apple shares have risen by 16% since November, adding $500 billion to the company's market value. The growth is attributed to the enthusiasm for AI and expectations of a new iPhone “supercycle.
Apple is approaching a market capitalization of $4 trillion, outpacing its competitors Nvidia and Microsoft. This was reported by Reuters, according to UNN.
Details
It is noted that since November 2024, the company's shares have risen by 16%, adding about $500 billion to its market value.
Thus, Apple has outpaced Nvidia and Microsoft, which were the market leaders this year.
Analysts attribute the significant growth to two factors: the general enthusiasm of Apple investors for artificial intelligence and expectations of a new “supercycle” of iPhone updates. The term “supercycle” refers to a massive upgrade of smartphones by users, which leads to a sharp increase in sales
Apple forecasts moderate growth in total revenue during the first fiscal quarter of 2025. This estimate is quite restrained for the Christmas shopping season, which raises questions about the potential success of the iPhone 16.
Recall
Apple plans to release new MacBook Airs with the M4 chip in early 2025. The update will include improved AI support and new iPad, iPhone SE, and iPad Air models.