Apple has reached a market capitalization of over $4 trillion, becoming the third technology company to reach this milestone, after Nvidia and Microsoft. This achievement was driven by strong demand for the latest iPhone models, which helped alleviate concerns about the company's slow progress in the field of artificial intelligence. Apple shares have risen by about 13% since the launch of the new iPhones on September 9, marking a significant recovery.
The iPhone generates over half of the company's revenue and profit, and the success of recent sales has attracted customers from around the world. Although Apple has faced challenges due to competition from China and imposed tariffs, the new models, including the iPhone 17 and iPhone Air, have had a positive impact on sales. Analysts estimate that strong demand will exceed market expectations for the quarter ending in September, and the company will announce its financial results on October 30.
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