Apple Surpasses $4 Trillion Market Milestone Amid Robust iPhone Demand

Apple made a significant market leap on Tuesday, briefly exceeding a market value of $4 trillion. This landmark achievement is attributed to the surging demand for the company's newest iPhone models, which helped alleviate concerns surrounding Apple's slow progress in the AI arena.

The company's stock saw a momentary high at $269.89, lifting Apple’s market value to $4.005 trillion before concluding the day with a slight drop to $3.992 trillion. Since launching the new iPhone lineup on September 9, Apple's shares have climbed 13%, marking its first positive hold this year.

However, as Apple stands as the third tech giant to achieve this valuation after Nvidia and Microsoft, questions loom over its AI strategies. Despite the market gains, the company has been slow in unveiling its Apple Intelligence suite and integrating AI more fully, leading to an outflow of senior AI executives to rivals like Meta.