Apple became the third largest company in history after Microsoft and Nvidia with a capitalization of $4 trillion

The market value of Apple has exceeded $4 trillion for the first time. Shares on Tuesday, October 28, rose 0.2% to $269.2 in early trading, hitting a historic high. This is reported by Reuters.

Apple shares are up about 13% since the launch of new products on September 9.

"The iPhone accounts for more than half of Apple's profits and revenues," explained Chris Zaccarelli, Chief Investment Officer of Northlight Asset Management.

The company's latest smartphones, including the iPhone 17 and iPhone Air line, attracted millions of customers within the first few weeks of launch.

Brokerage Evercore ISI expects strong demand for Apple's latest iPhones to help it beat market expectations for the third quarter and release new forecasts for the fourth quarter.

Apple became the third company to reach the $4 trillion mark, after Nvidia and Microsoft. Nvidia is now at the top of the table with a market value of over $4.5 trillion.

• on July 9, Nvidia became the first company in the world to reach a market value of $4 trillion.
• On October 21, announced that Apple was close to reaching $4 trillion.