Apple has finally reached the peak of hype, becoming the third company in history to achieve a staggering market value exceeding four trillion dollars. Just a few years ago, the company was merely considered a “fruitful startup,” but now it stands as a high-tech behemoth with a capitalization that could buy a couple of entire countries.
When Apple’s stock peaked at $269.87 per share, investors felt like they were on an amusement park roller coaster. There was a slight increase in the market value, followed by a correction down to $3.9 trillion. After all, four trillion is nearly a sacred milestone, albeit tempered by reality.
An unexpected boost came from the iPhone 17, which, experts note, sold 14% better than the iPhone 16 during its first ten days in the US and China. Clearly, fans of the iconic brand are willing to pay, even though Siri has not transformed into a super AI just yet.
However, analysts remind us that Apple is currently lagging a bit in the race for artificial intelligence. Yet, with financial metrics hitting their peaks, such a shortfall can be neglected.
