Fueled by investor enthusiasm for Apple’s rollout of Apple Intelligence features, expected to boost iPhone, iPad, and Mac sales, the company is nearing a historic $4 trillion market value.

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	Forwarded this email? Subscribe here for more Apple nears $4 trillion market value milestone MacDailyNews Dec 23   READ IN APP   Fueled by investor enthusiasm for Apple’s rollout of Apple Intelligence features, expected to boost iPhone, iPad, and Mac sales, the company is nearing a historic $4 trillion market value. Reuters: ‎ The latest rally in Apple shares reflects “investor enthusiasm for artificial intelligence and an expectation that it will result in a supercycle of iPhone upgrades,” said Tom Forte, an analyst at Maxim Group, who has a “hold” rating. Valued at about $3.85 trillion as of the last close, Apple dwarfs the combined value of Germany and Switzerland’s main stock markets. The Silicon Valley firm, driven by the so-called iPhone supercycles, was the first U.S. company to hit previous trillion-dollar milestones. In recent years, the company has attracted criticism for being slow to map out its artificial intelligence strategy, while Microsoft, Alphabet, Amazon and Meta Platforms have pulled ahead to dominate the emerging technology… Apple earlier in December started integrating OpenAI’s ChatGPT into its devices after unveiling plans in June to integrate generative AI technology across its app suite. “Although near-term iPhone demand is still muted… it is a function of limited Apple Intelligence features and geographic availability, and as both broaden, it will help to drive an improvement in iPhone demand,” Morgan Stanley analyst Erik Woodring said in a note, reiterating Apple as the brokerage’s “top pick” heading into 2025. ‎ MacDailyNews Take: Steve Jobs’ tremendous machine continues to barrel down the track! We are currently about 1/4th of the way to being sustainable with Substack subscriptions. Please tell your Apple-loving friends about MacDailyNews on Substack and, if you’re currently a free subscriber, please consider $5/mo. or $50/year to keep MacDailyNews going. Just hit the subscribe button. Thank you! Upgrade to paid You're currently a free subscriber to MacDailyNews. For the full experience, upgrade your subscription. Upgrade to paid   Like Comment Restack   © 2024 MacDailyNews 548 Market Street PMB 72296, San Francisco, CA 94104 Unsubscribe