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

Tech company’s stock enters positive territory for first time this year after gaining about 13% since new iPhone launchesApple topped $4tn in market value for the first time on Tuesday, the third tech company to hit the milestone, as robust demand for its latest iPhones allayed fears over its slow progress in the AI race. Microsoft reached a $4tn market cap for the second time the same day as the wider US stock market hit record highs.Apple’s shares have gained about 13% since the new launches on 9 September, in a remarkable turnaround that pushed the stock into positive territory for the first time this year. Continue reading...

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