CUPERTINO: Apple’s stock rose on Friday as the company’s upbeat iPhone holiday sales forecast helped ease investor worries over recent supply disruptions. The optimism pushed Apple’s market capitalization above $4 trillion, joining tech giants Nvidia and Microsoft in the elite club.
Despite supply challenges in the fourth quarter, the successful September launch of Apple’s new iPhone lineup boosted confidence among investors. Analysts said Apple’s steady strategy reassured markets even as rivals accelerate their AI integration.
“When you’re really big like Apple, you don’t have to move fast — sometimes you just have to get it right,” said Eric Clark, Chief Investment Officer at Accuvest.
While Apple and Amazon remain the weakest performers this year among the “Magnificent Seven” mega-cap stocks, Apple’s long-term brand strength continues to attract institutional buyers.
Data from LSEG shows Apple’s shares trade at 33.4 times earnings, a premium over Microsoft’s 31.7 and Meta’s 22.3 — signaling investor confidence in Apple’s innovation roadmap.
💬 GRY News Insight:
Apple’s stable AI rollout and strong iPhone demand suggest the company is prioritizing quality and ecosystem integration over speed in the AI race.
🔗 Read more tech updates at GRY Technology Desk.
