Historic Record: Apple’s Market Value Reaches $4 Trillion
For the first time in its history, American corporation Apple has reached a market capitalization of $4 trillion. The milestone was achieved on October 28. Apple thus became the third company in the world to cross this threshold, following NVIDIA and Microsoft, which reached it in the summer of 2025.
The main driver of growth was the iPhone 17 lineup, unveiled on September 9. Since the announcement, Apple’s shares have risen by 13%. According to Chris Zaccarelli, Chief Investment Officer at Northlight Asset Management, iPhones account for more than half of the company’s profits. Strong sales of both the base model — considered one of the best iPhones in recent years — and the high-end iPhone 17 Pro Max are attracting new users into Apple’s vast ecosystem.
Despite the record valuation, analysts note that the company’s stock growth is restrained by two key factors. The first is high U.S. tariffs on manufacturing in China and India. The second, and more significant, is Apple’s lag in the field of artificial intelligence (AI).
The Apple Intelligence assistant, announced in the summer of 2024, failed to meet expectations, while the updated Siri has not been released yet. Experts believe that the lack of a clear AI strategy remains the main obstacle to further growth. Innovations in this field could dramatically reshape how the market perceives Apple.
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