Apple Inc. has officially joined the ranks of the world’s most valuable companies, surpassing a $4 trillion market capitalization and joining fellow tech giants Nvidia and Microsoft in the trillion-dollar club.
The milestone was reached following a modest rise in Apple’s shares on Tuesday, marking a sharp rebound driven by strong global sales of the iPhone 17, particularly in China—a market where the company had previously faced challenges.
Apple’s resurgence comes after a turbulent start to the year, when its stock plummeted due to trade tensions, including tariffs imposed by President Donald Trump, and delays in launching anticipated artificial intelligence (AI) products. The company lost over $310 billion in market value in a single trading day in April.
Despite trailing in the AI race, Apple’s latest valuation underscores the enduring strength of its flagship product, the iPhone, and its ability to maintain investor confidence.
The company’s shares are up just over 7 per cent this year, compared to a 30.7 per cent gain in 2024 and a 17 per cent rise in the broader market.
Industry analysts say Apple’s achievement reflects a broader shift in Wall Street’s focus toward AI technologies. Nvidia, a leading AI chipmaker, and Microsoft, a major player in cloud and AI services, reached the $4 trillion mark earlier this year.
Apple previously became the first public company to hit a $1 trillion valuation in August 2018, followed by $2 trillion in August 2020, and $3 trillion in January 2022, closing at that level in June 2023.
According to Wedbush Securities analyst Dan Ives, “Cook & Co. has finally found success with iPhone 17 and now the Street awaits for the grand strategic AI roadmap to be unveiled.”
