Apple yesterday reached a market value of more than $4trn (£3trn) after robust demand for its latest iPhone models allayed fears over slow progress in the artificial intelligence race.
The tech giant’s shares have gained about 13 per cent since the new launches on 9 September, in a major turnaround.
It becomes the third company to hit the $4trn milestone after Nvidia and Microsoft.
Apple’s shares struggled earlier this year on fears over tough competition in China and uncertainties about how Apple would navigate high US tariffs on economies such as China and India.
Turnaround: Apple’s shares have gained about 13% since it launched its latest iPhone models on 9 September
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