ALBAWABA – Apple experienced a huge stock peak after it revealed its new artificial intelligence features in June 2024.
Apple, the American multinational corporation and technology company, was positioned as the most valuable firm in the world with a market cap of $3.57 trillion and a single share price of: $232.98 as reported by Nasdaq Data.
Apple stocks had a great peak
Apple’s stock value increased by 1.4%, with pricing at $232 and a market cap of $3.543 trillion which is considered the highest competing with Microsoft's market cap of $3.475 trillion on July 5th.
Apple is enjoying another big win, in addition to the major hits it recorded back in 2018 when its market cap reached $1 trillion. The company also recorded a $2 trillion market cap in 2020 and a more than $3 trillion market cap last month.
Apple, the most valuable company with a market cap of $3.57 trillion. (Shutterstock)
It is worth mentioning that the company had a rough start this year; as the company experienced weak sales and high market competition. Microsoft on the other hand earned the title of the most valuable firm in January 2024 but Apple managed to gain the reputative title back.
Apple recently announced the reveal of its new artificial intelligence features referred to as: “Apple Intelligence.” The new iPhone 16 and the latest version of Apple's iOS 18 will feature new artificial intelligence advancements after Apple partnered with OpenAI to launch.
Experts are foreseeing continuous growth for Apple’s sales and shares to expectedly hit $4 trillion market cap next year.
