Because $4 trillion is a lot of money.
Per MacRumors, Apple’s market capitalization briefly eclipsed $4 trillion just after opening on Tuesday, making it the third public company to reach this goal. Nvidia reached the $4 trillion mark back in July and is heading towards $5, while Microsoft also hit $4 trillion that same month before dropping down to a $3.9 trillion valuation, but it too has passed $4 trillion again on Tuesday morning.
Market capitalization is based on the total value of all outstanding Apple shares. The updated share count won’t be available until Apple discloses its earnings for the fourth quarter of 2025, so the market cap may not be exactly accurate. The company’s next earnings report will be shared on Thursday, October 30.
Apple became the world’s first $3 trillion company in January 2022, but it has not been able to keep up with Nvidia since then due to global demand for Nvidia’s chips.
Other companies that have come close to the $4 trillion mark include Google parent company, Alphabet, which has a market valuation of $3.25 trillion, Amazon is at $2.42 trillion, and Meta’s market valuation is $1.90 trillion.
Apple stock has been climbing since the September launch of the iPhone 17 models thanks to strong demand for the new devices.
Stay tuned for additional details as they become available.
Via MacRumors
