Apple's Market Cap Nearing $4 Trillion, Fueled by Generative AI

Apple's market capitalization is approaching $4 trillion, with analysts predicting a supercycle driven by generative AI and its services division.
Apple's Market Cap Nearing $4 Trillion, Fueled by Generative AI
Apple's total market capitalization is on the verge of hitting $4 trillion, with analysts forecasting a significant boost driven by the company's expansion into generative AI. This growth is further supported by the strong performance of Apple's Services division. The Role of Apple Intelligence The iPhone 16 series, while not featuring major design changes, has been met with anticipation due to the inclusion of Apple Intelligence features. Analysts, including Morgan Stanley's Erik Woodring, believe that the full deployment of Apple Intelligence will trigger an iPhone supercycle. However, current demand is considered soft due to the limited capabilities and availability of these AI features. Apple's Growth in China Apple faces challenges in China due to regulatory hurdles surrounding generative AI. The company is reportedly in discussions with Tencent and ByteDance to overcome these obstacles. China is a critical market for Apple, contributing significantly to iPhone re…

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