Apple's Market Capitalization Temporarily Surpasses $4 Trillion - U.S. Apple Once Again Astonishes the World with "iPhone 17 Boom" and Service Revenue, Becomes the Third Member of the "$4 Trillion Club" Following AI-Driven Nvidia and Microsoft

The market capitalization of Apple's stock temporarily surpassed $4 trillion (approximately 608 trillion yen, with an exchange rate of about 152 yen per dollar) on October 28, 2025 (U.S. time), making it the third company in the world to reach this level. This follows Nvidia, which first reached the $4 trillion mark, and Microsoft, which has increased its valuation due to investments in generative AI and its partnership with OpenAI. Apple's stock price briefly rose to about $269.89 per share, with a market capitalization equivalent to $4.005 trillion. However, it slightly pulled back at the close, ending at approximately $3.992 trillion (just shy of $4 trillion). Reuters The factors contributing to the rise include the new "iPhone 17" series (such as the thin "iPhone Air") showing demand beyond expectations in the U.S. and Chinese markets, leading to a revival in sales, and the services sector, including "iCloud" and "Apple Pay," growing into a business exceeding $100 billion annually. On the other hand, there remains a view in the market that Apple is "lagging behind in AI," and its year-to-date stock price increase is not as steep as Nvidia or Microsoft. Nevertheless, by demonstrating new revenue engines beyond just iPhone dependency, investor sentiment has clearly improved, and Apple has once again proven with numbers that it is a "central figure in global consumer technology."