“Apple nears record $4 trillion market cap: What’s happening Apple shares have risen 16% since November, adding $500 billion to the company’s market value. The growth has been attributed to enthusiasm for AI and expectations of a new iPhone “supercycle.””, — write on: unn.ua
Details
The company’s stock has risen 16% since November 2024, adding about $500 billion to its market value, it said.
Thus, Apple overtook Nvidia and Microsoft, who were the market leaders during this year.
Analysts attribute the significant growth to two factors: the general enthusiasm of Apple investors for artificial intelligence and expectations of a new “super cycle” of iPhone updates. The term “supercycle” refers to the mass upgrade of smartphones by users, which leads to a sharp increase in sales
Apple forecasts modest growth in total revenue during the first fiscal quarter of 2025. This estimate is quite modest for the Christmas shopping season, raising questions about the potential success of the iPhone 16.
We will remind
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.