Reuters, Apple’s shares increased by 0.2% to $269.2 in early trading, allowing the company to reach a record high — exceeding the $4 trillion threshold. Although Apple’s stock faced challenges at the start of the year because of the Trump administration’s tariffs and a shortage of AI progress, Apple managed to overcome these obstacles by diversifying its supply chain, establishing local partnerships for U.S. manufacturing, and witnessing a boost in demand for the iPhone 17 models.
Moreover, the company reported its best quarterly performance in years during the April-June timeframe with double-digit growth, attributed to the new M4 Macs, sales of the iPhone 16, and a continually expanding services sector. With the company’s outlook appearing more favorable than anticipated, there is a possibility that Apple’s market capitalization continues to gain traction and expand further.
