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Apple nears $4t valuation as AI boosts stock rise
Apple Inc. is approaching a historic US$4 trillion stock market valuation, propelled by a significant increase in its share price due to investor optimism surrounding developments in AI.
The company’s stock has risen approximately 16% since November, adding about US$500 billion to its market capitalization and valuing Apple at around US$3.85 trillion.
Despite a current slowdown in iPhone demand, Apple expects a recovery by 2025, aided by expanded AI features and geographic reach.
Recent Apple developments
| Timeline |
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19-Dec-2024 📱 Apple, Indonesia close to lifting iPhone 16 sales ban: sources
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19-Dec-2024 🤖 Apple said to explore Tencent, ByteDance AI for China iPhones
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13-Dec-2024 🎧 Apple to produce AirPods in India by 2025
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13-Dec-2024 🔌 Apple nears in-house bluetooth, Wi-Fi chip for smart home
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12-Dec-2024 🖥️ Apple to produce AI-focused server chip by 2026
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| 11-Dec-2024 🆕 Apple launches software version that integrates ChatGPT |
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