SGOn July 28, Apple's market capitalization briefly exceeded $5 trillion, making it the second company in history to reach this milestone, following Nvidia. Its stock closed at $337.7, giving it a valuation of $4.96 trillion, while reaching a session high of $342.89, valued at $5.036 trillion. This achievement came after Apple overtook Nvidia as the most valuable company in early July. The rise in Apple's stock is attributed to strong product demand and its strategy of avoiding heavy AI investments, unlike competitors. Apple maintained stable iPhone prices while raising prices for other devices, encouraging purchases before anticipated future price increases. Additionally, Apple introduced a leasing program in the U.S., allowing customers to pay for devices via monthly installments. Analysts noted that Apple's approach focuses on enhancing customer experience rather than investing heavily in AI infrastructure.
Bias read (Center): The article presents factual economic developments regarding Apple's financial performance and strategic decisions without overtly favoring any political ideology. It provides balanced information about Apple's market position, business strategies, and analyst opinions without taking a clear stance.
