Apple’s stock hit a record high on Tuesday, pushing its market capitalization above $3.6 trillion and cementing its position as the world’s most valuable company. The surge appears to be driven by rising expectations for the AI-powered iPhone 16 and Apple Intelligence.
Apple share value skyrockets; 3.6 trillion dollars
Apple’s stock hit new record highs on Tuesday, surpassing an important milestone. With demand for the iPhone 16 growing, Apple shares hit $237.49 during the day. This means that it recorded an increase of 2.7 percent in one day. Apple value reached up to 3.6 trillion dollars.
The company’s highest share value was recorded as $ 234.82 on July 16. This increase in stock is thought to be due to new products, especially the iPhone 16 series. In addition, features such as Apple Intelligence also made the company stand out.
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Apple’s market capitalization has exceeded 3.6 trillion dollars for the first time, a level that is hard to reach. It should also be noted that it is the most valuable company in the world. Analysts attribute this rise to the demand for the iPhone 16.
Morgan Stanley analyst Erik Woodring estimates that Apple sold about 10 percent more iPhones than expected in September. This means an extra $ 2.5 billion in revenue for the company’s fourth quarter.
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