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Apple Becomes 3Rd Company In History To Crack USD-4-Trln Market Value
(MENAFN- Kuwait News Agency (KUNA))
WASHINGTON, Oct 28 (KUNA) -- Apple on Tuesday became the third company to break through the USD-four-trillion market value milestone.
According to an NBC report, Apple shares rose fractionally in early trading, just enough to briefly push the company's value above the historic level.
Nvidia and Microsoft crossed the USD-four-trillion threshold in July. Nvidia's market valuation has grown even more since then, hitting USD 4.71 trillion.
Microsoft's value rose above USD four trillion again Tuesday, on separate news that the Windows software maker's stake in a reorganized OpenAI would be worth USD 135 billion.
Apple has lagged several of its Big Tech peers this year, with fears that its artificial intelligence efforts are coming up short. Apple has gained just 7.3 percent in 2025, well behind Nvidia's 45 percent, Alphabet's 42 percent and Meta Platforms' 30 percent. For the year, the broad-based S and P 500 has risen 17 percent.
But Apple's fortunes, according to NBC, have changed in recent months.
In early September, a federal judge ruled that Google did not have to divest its Chrome browser business, which benefitted Apple. As part of the ruling, the judge said Google could continue to pay to have its search engine preloaded on devices, such as iPhones. Alphabet currently pays Apple billions of dollars a year to do so.
In mid-September, the company released its newest iPhones. The extra-slim iPhone Air, which briefly faced a delay before customers in China could purchase it; eventually was released and sold out in minutes in the country. The negative sentiment regarding Apple among some Wall Street analysts also began turning around in recent weeks.
To add to the company's good luck, the report carried on, over the course of President Donald Trump's trade war, most Apple products have been exempt from tariffs. Apple CEO Tim Cook has paid Trump multiple visits in the Oval Office and attended a state dinner that King Charles III hosted in the UK in Trump's honor last month. On Tuesday, Cook appeared again with Trump in Japan. (end)
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According to an NBC report, Apple shares rose fractionally in early trading, just enough to briefly push the company's value above the historic level.
Nvidia and Microsoft crossed the USD-four-trillion threshold in July. Nvidia's market valuation has grown even more since then, hitting USD 4.71 trillion.
Microsoft's value rose above USD four trillion again Tuesday, on separate news that the Windows software maker's stake in a reorganized OpenAI would be worth USD 135 billion.
Apple has lagged several of its Big Tech peers this year, with fears that its artificial intelligence efforts are coming up short. Apple has gained just 7.3 percent in 2025, well behind Nvidia's 45 percent, Alphabet's 42 percent and Meta Platforms' 30 percent. For the year, the broad-based S and P 500 has risen 17 percent.
But Apple's fortunes, according to NBC, have changed in recent months.
In early September, a federal judge ruled that Google did not have to divest its Chrome browser business, which benefitted Apple. As part of the ruling, the judge said Google could continue to pay to have its search engine preloaded on devices, such as iPhones. Alphabet currently pays Apple billions of dollars a year to do so.
In mid-September, the company released its newest iPhones. The extra-slim iPhone Air, which briefly faced a delay before customers in China could purchase it; eventually was released and sold out in minutes in the country. The negative sentiment regarding Apple among some Wall Street analysts also began turning around in recent weeks.
To add to the company's good luck, the report carried on, over the course of President Donald Trump's trade war, most Apple products have been exempt from tariffs. Apple CEO Tim Cook has paid Trump multiple visits in the Oval Office and attended a state dinner that King Charles III hosted in the UK in Trump's honor last month. On Tuesday, Cook appeared again with Trump in Japan. (end)
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