Apple's stock value has reached a staggering $4 trillion, joining Microsoft and Nvidia as only the third company in history to hit this milestone. The surge in Apple's share price is largely attributed to strong demand for its latest iPhones, particularly the iPhone 17 lineup, which have revitalized sales.
The new smartphones have successfully won back customers from various countries, including Beijing to Moscow, with their sleek designs and impressive features. Additionally, the company has managed to absorb tariff costs, rather than passing them on to consumers, which has helped boost sales.
According to Counterpoint research, early sales of the iPhone 17 outperformed its predecessor by a significant 14% in the US and China, further solidifying Apple's position as a leader in the tech industry. Analysts attribute this success to the iPhone Air's slim design, which is poised to fend off rivals such as Samsung Electronics.
This milestone marks Apple's entry into exclusive club of companies with a market value exceeding $4 trillion, after Nvidia and Microsoft. While Microsoft has been aggressively pursuing growth in AI, Apple's cautious approach had raised concerns about its ability to compete in this space. However, the company's recent quarterly results have been strong, with double-digit growth across key segments.
The tech sector as a whole continues to perform well, with hopes of another interest rate cut fueling Wall Street's optimism. The Dow and Nasdaq Composite rose by 0.5% in early afternoon trading, while the S&P 500 added 0.1%. Meanwhile, in the UK, the FTSE 100 closed at a record high, up 0.44%.
Despite the positive news, some investors have expressed concerns that the stock market is in a bubble. Chris Beauchamp, chief market analyst at IG, notes that each new high in indices and every milestone achieved by individual stocks is often seen as evidence of a bubble in equities. However, he also acknowledges the remarkable resilience of the market, which continues to demonstrate its ability to absorb nervousness around tech earnings.
The new smartphones have successfully won back customers from various countries, including Beijing to Moscow, with their sleek designs and impressive features. Additionally, the company has managed to absorb tariff costs, rather than passing them on to consumers, which has helped boost sales.
According to Counterpoint research, early sales of the iPhone 17 outperformed its predecessor by a significant 14% in the US and China, further solidifying Apple's position as a leader in the tech industry. Analysts attribute this success to the iPhone Air's slim design, which is poised to fend off rivals such as Samsung Electronics.
This milestone marks Apple's entry into exclusive club of companies with a market value exceeding $4 trillion, after Nvidia and Microsoft. While Microsoft has been aggressively pursuing growth in AI, Apple's cautious approach had raised concerns about its ability to compete in this space. However, the company's recent quarterly results have been strong, with double-digit growth across key segments.
The tech sector as a whole continues to perform well, with hopes of another interest rate cut fueling Wall Street's optimism. The Dow and Nasdaq Composite rose by 0.5% in early afternoon trading, while the S&P 500 added 0.1%. Meanwhile, in the UK, the FTSE 100 closed at a record high, up 0.44%.
Despite the positive news, some investors have expressed concerns that the stock market is in a bubble. Chris Beauchamp, chief market analyst at IG, notes that each new high in indices and every milestone achieved by individual stocks is often seen as evidence of a bubble in equities. However, he also acknowledges the remarkable resilience of the market, which continues to demonstrate its ability to absorb nervousness around tech earnings.
, Apple's stock value hitting $4 trillion is wild! but at the same time i'm like "wait, how long can this bubble last? 
" some ppl say it's a sign of innovation and strong demand for their products, but others are all "this is just a speculative bubble waiting to burst 
". i don't know, maybe apple is just really good at making iPhones that people wanna buy? 
or maybe they're just catching up with Samsung and the rest of the tech giants 
I mean, Nvidia and Microsoft have been there too, and they've both made solid choices on their own paths to getting to this point. Apple's just playing catch-up with its iPhone sales, right? 
And what about the fact that they didn't raise prices despite absorbing tariff costs? That's gotta count for something, right? 
Plus, we can't underestimate the impact of AI research on Microsoft's growth prospects... I mean, it was a concern before, but now it seems like Apple's playing it safe and letting its hardware do the talking. Let's not jump to conclusions about bubbles just yet! 
. It's interesting how the iPhone 17 lineup has managed to win back customers from all over the world, but what's with the tariff thing? Why can't they just absorb those costs and give us better prices for once? 
? It's amazing how they've managed to keep prices in check despite being able to absorb those tariff costs 
I'm curious to see how they're going to use that kind of power and money to innovate and push boundaries next 
.
Apple just broke $4 trillion 
and impressive features 
. It's awesome that they absorbed tariff costs instead of passing it on to customers 
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. Apple's just living their best life 
. And who doesn't love seeing the Dow and Nasdaq Composite rise up? 
! Who else is excited? 
! $4 trillion is insane! I think it's all because those new iPhones are fire 
It's crazy to see how well they're doing in countries like Beijing and Moscow too! 
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the tech sector's poppin' and Wall Street's all about another rate cut