Apple hits $4 trillion market cap, joins Nvidia and Microsoft to reach milestone

Tech giant Apple Inc.’s market capitalisation reached a historic $4 trillion on 28 October, making it only the third public company, after Nvidia and Microsoft, to reach the milestone. According to a Reuters report, the stock was last up 0.2% at $269.2 in early trading, hitting an all-time high.

This jump in share price comes amid strong demand for Apple’s iPhone 17 series, which outsold its predecessor, the iPhone 16 series, by 14% in its first 10 days on sale in China and the United States, the Bloomberg report said, citing data from Counterpoint Research.