Apple surged past the $4 trillion mark during trading, but failed to hold it at close.
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Apple's market capitalization crossed the $4 trillion mark for the first time ever during intraday trading, but failed to hold that level at the close.
On Tuesday, Apple shares edged up 0.07%, and the company's market value briefly surpassed $4 trillion during the session. Another tech giant, Microsoft, saw its stock price rise about 2% that day, pushing its market cap over $4 trillion as well, with the company successfully closing above the threshold.
Analysts believe investors are closely watching the upcoming earnings season. The financial results of both companies will be a key basis for the market to judge their growth prospects. Microsoft is scheduled to release its earnings on Wednesday, while Apple will report on Thursday.
iPhone Sales and Analyst Confidence Propel Apple
The driving force behind Apple's market cap surge is the recent strong momentum in iPhone sales.
Over the past three months, Apple's stock price has risen 25%, fueled by market signs that indicate better sales for the iPhone 17 series, launched in September, compared to previous generations.
The market’s optimism is also reflected in analysts’ ratings. JPMorgan analyst Samik Chatterjee raised Apple's target price to $290 per share in a report released Monday, writing:
Apple's stock enters the upcoming earnings season with a more positive aura than at any point in the past year.
Besides strong product sales expectations, Apple's strategy in handling geopolitical risks has also gained market recognition.
The company appears to have successfully avoided the worst-case scenarios associated with the tariff policies of the Trump administration. By shifting a large portion of its supply chain for the U.S. market to India and Vietnam, Apple has effectively diversified its geopolitical risks.
Meanwhile, Apple has maintained friendly relations with the U.S. government regarding issues of domestic manufacturing. These initiatives have improved the company's position in a complex international trade environment. Chatterjee noted in his report:
Announcing accelerated domestic investment and quickly shifting product manufacturing for the U.S. market to India and Vietnam has improved Apple's situation in the tariff landscape.
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