Apple's biggets bet this year came in the form of the iPhone 16 series. For Apple, the iPhone is the golden hen and golden egg as it amounts for most of the California-based company's revenues.
The Mega Macbook
Now, the company appears to be setting its sights on another avenue, the Apple M4 Macbook Air. With the iPhone 16 series, the key selling point has been the feature of artificial intelligence or Apple Intelligence. This device promises a significant performance boost.
As a result of this, the company appears to be speeding ahead with the exploration of the potential success of the device. This also appears to have helped Apple's cause at the equity markets as well.
The company shares rose on Christmas Eve, Tuesday, December 25. In addition, the company continues to thrive as the largest company in terms of market capitalisation, inching closer to the USD 4 trillion mark.
This happens as the company is gearing up to launch the M4 Macbook Air before its expected date. In addition, it reportedly has also gone into mass production already. They are now expected to be launched in 2025.
Apple Shares Rise
When we take a look at the company shares, the shares of Apple, listed as AAPL on Nasdaq, saw its value rise on Tuesday, before the Christmas break. The surge amounted to USD 2.93 or 1.15 per cent.
In the past week, the company shares have increased in value by a cumulative 2.37 per cent or USD 5.97. This has taken the overall of the company shares to USD 258.20 per share.
Apple's Market Cap Moves To USD 4T
When we look at the company value in terms of market capitalisation, the company continues to hold the crown of the largest company in the world. In fact, it has only strengthened its position further. Apple is growing closer to the coveted USD 4 trillion mark.
It would be the first company to do so, if and when it reaches the feat. Currently, the company is valued at USD 3.902 trillion, ahead of Nvidia with USD 3.433 trillion.
