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The Guardian - UK
The Guardian - UK
Technology
Guardian staff and agency

Apple hits $4tn market value as new iPhone models revitalize sales

Apple Microsoft Nvidia OpenAI
a person holds a phone
A prospective buyer tries the iPhone 17 Pro in Jakarta, Indonesia, on 17 October. Photograph: Faisal Ramadhan/NurPhoto/Shutterstock

Apple topped $4tn (£3tn) in market value for the first time on Tuesday, joining Microsoft and Nvidia as the third company in history to hit the milestone, thanks to strong demand for its latest iPhones.

Apple’s share price has increased by more than 50% since a low point in April, thanks to the debut of its latest products.

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