Apple Reaches $4 Trillion Milestone
Apple hit a company milestone on Tuesday as its valuation reached $4 trillion for the first time.
Unlike previous trillion dollar milestones, Apple isn’t the first company to reach this record valuation. Apple was the first company to hit $1 trillion in 2018, $2 trillion in 2020, and $3 trillion in 2022, but it is third to reach $4 trillion after Nvidia and Microsoft.
Nvidia surpassed $4 trillion in July, due to the AI explosion relying on the company’s GPU hardware. Microsoft also hit $4 trillion for the first time in July.
Apple's strong iPhone 17 hardware launch contributed to the timing of its $4 trillion milestone. The company will release its quarterly earnings results on Thursday, including iPhone 17 launch week data.
Apple doesn’t break out unit sales.
Author's summary: Apple reaches $4 trillion milestone.