First company to reach the symbolic mark of 1,000 billion dollars of market capitalization, then 2,000, then 3,000, Apple is about to pass a new milestone by soon exceeding 4,000 billion.
Capitalization increasing thanks to Apple Intelligence££££
As a reminder, to calculate the value of a company on the market, simply multiply the unit price of its share by the number of these shares available. And the market has been very favorable in 2024 for Apple's shares: at the opening of the stock market on December 27, 2024, the company displays 3.92 trillion dollars of capitalization, a few cables from the symbolic mark of 4,000. Apple's growth this year has been driven in part by optimism around new Apple Intelligence tools, and the strength of the annual update cycle for the iPhone lineup.
Daniel Ives of Webdush££££
"We believe Apple is entering a multi-year cycle of AI-powered iPhone evolution that remains underappreciated by Wall Street," says Daniel Ives of Webdush. "Rome wasn't built in a day, and neither was Apple's AI strategy. But the foundations of that strategy, embodied in Apple Intelligence, are falling into place and will transform the narrative of Apple's consumer growth in the years to come."
