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Apple on Tuesday became only the third company ever to break through the $4 trillion market value milestone. Apple shares rose fractionally in early trading, just enough to briefly push the company’s value above the historic level.
This is the first time Apple's market capitalization has crossed the $4 trillion mark, making it the third company to ever cross the milestone after Nvidia and Microsoft.
Apple has joined one of the most exclusive clubs in business after its stock hit a record high on the back of strong iPhone 17 sales and AI buzz.
Apple has topped $4 trillion in market value for the first time, making it the third Big Tech company to hit the milestone, as robust demand for its latest iPhone models allayed fears over its slow progress in the AI race.
Compared to its industry, the company has higher Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of $31.03 Billion, which is 86.19x above the industry average, indicating stronger profitability and robust cash flow generation.
According to Bloomberg, Apple plans on rolling out ads for Apple Maps starting early next year. Apple would show ads in search, letting restaurants and businesses pay to show up first in results. Apple would try to make the experience better than other navigation apps that show ads, and would use AI to deliver more relevant ads to users.
EXCLUSIVE: Apple is now building and shipping American-made artificial intelligence servers in the United States — a move that has the technology giant answering President Donald Trump’s call to on shore manufacturing.
Apple urged a federal judge to dismiss a racketeering lawsuit by a company that accused the iPhone maker of stealing its technology to create the lucrative mobile wallet Apple Pay.