In a remarkable rise over the past month, Apple Inchas seen its shares soar, reaching an unprecedented market capitalization of $3.75 trillion, which translates to around 27 trillion RMB, an astonishing figure equating to the worth of 13 Kweichow Moutai, a well-known Chinese liquor brandIf considered alongside national Gross Domestic Product (GDP) figures, Apple's valuation positions it as the fifth-largest economy globally, outpacing nations with economies of similar scale.

Breaking historical records, Apple became the first publicly traded company to surpass a market value of $3 trillionCurrently, other tech giants like Nvidia and Microsoft are also surpassing the $3 trillion mark, valued at $3.31 trillion and $3.3 trillion, respectivelyCollectively, these three tech behemoths represent a staggering $10.36 trillion value in total, or about 75 trillion RMB, showcasing the sheer dominance of technology companies in today's market landscape.

With investor enthusiasm surging towards these giants, Wall Street analysts are now eyeing the potential for a company to cross the $4 trillion threshold in the near future

Given the robust demand for Nvidia chips pushed by generative AI, some analysts speculate that Nvidia could be the first to achieve this monumental milestone.

Indeed, in the age of generative AI, Nvidia has emerged as a formidable player in the tech industry, enjoying exponential revenue growth and unprecedented performance in the capital marketsHowever, Apple's proximity to the $4 trillion marker is noteworthy, with it trailing by just $250 billion, highlighting its rapid ascent in recent months.

Unlike Nvidia and Microsoft, which have largely benefited from advancements in generative AI, Apple's standing is predominantly fueled by robust global consumer demand for the iPhoneReports and financial data from various institutions consistently illustrate that the iPhone remains the leading high-end smartphone globally, underpinning Apple's remarkable revenue generation.

Although Apple under the leadership of CEO Tim Cook has sometimes been criticized for lacking the innovative spark that characterized the Steve Jobs era, it has nonetheless continued to demonstrate stable revenue and profit growth

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The company has firmly established itself as one of the most profitable tech enterprises in the world, maintaining a leading market position for years.

As of September 28, 2024, Apple reported a revenue of $391 billion for the fiscal year, reflecting a modest 2% year-on-year increaseNotably, iPhone sales alone accounted for $201.2 billion, demonstrating consistent demand in a highly competitive market.

Interestingly, while Apple has faced challenges in online market competition, their iPhone sales have remained resilient, consistently posting growthData from various institutions, along with Apple's financial disclosures, reveals that the iPhone has seen a robust uptick in salesThe global smartphone market is experiencing a resurgence, as evidenced by Canalys data indicating a 5% increase in global shipments in the third quarter of 2024, marking four consecutive quarters of growth.

With consumer spending habitually on the rise, the sales of iPhones in Q3 reached unprecedented levels, almost propelling Apple to reclaim the top global position in smartphone sales

According to Canalys, both Apple and Samsung held an 18% share of the global market, with Samsung narrowly edging out AppleUnlike Samsung, which has shown signs of decline, Apple has exhibited steady performance, lifting its market share from 17% in Q3 2023 to 18%.

Interestingly, the iPhone 16 series was only released on September 20, 2024, contributing minimally to the third-quarter shipment figures, with initial sales performing averagelyHowever, as we approach the fourth quarter, projections show that the iPhone 16 series could significantly boost Apple's shipments, potentially enabling the company to reclaim the top smartphone sales spot.

Industry analysts at Canalys anticipate that with the expansion of Apple's own artificial intelligence, dubbed Apple Intelligence, into new markets and support for additional languages, the iPhone 16 series will further drive strong growth in 2024 and carry that momentum into the first half of 2025. Apple Intelligence is the company's first generative AI model, with initial capabilities focused on American English, set to expand to more localized English varieties in countries such as Australia, Canada, New Zealand, South Africa, and the UK by December

Furthermore, plans are underway for support of languages like Chinese, French, Japanese, and Spanish in the upcoming year.

Cook has touted Apple's efforts in the AI realm, emphasizing how Apple Intelligence integrates seamlessly with its devices, offering users a user-friendly personal assistant while ensuring robust user privacy safeguardsHe expressed excitement for this uniquely Apple approach to generative AI, which aims to enrich users' lives.

Apple’s recent successes can be attributed to the global demand for the iPhone and the anticipated optimistic sales for the iPhone 16 series driven by AI capabilitiesConsequently, this has enabled Apple to reach new heights in the capital markets, edging ever closer to the coveted $4 trillion valuation.

Clearly, Tim Cook has proven to be a shrewd businessman, displaying unparalleled prowess in generating profits

The company reported a staggering net profit of $93.736 billion for fiscal year 2024, equivalent to approximately 679 billion RMB.

Overall, Apple's ability to amass considerable revenue from its iPhone sales solidifies its status as the most profitable tech company globally, embodying the notion of making substantial profits dailySuch profit margins are out of reach for many of its rivals.

In summary, through its iPhone, Apple has secured a dominant position in the global high-end smartphone market, reaping significant profits while simultaneously shining in the capital marketsNot only has Apple become the first company to achieve a market capitalization exceeding $3 trillion, but it also stands as the most valuable company globallyForecasts suggest that Apple could surpass a $4 trillion market value next year, buoyed by the anticipated “supercycle” fueled by the launch of the AI-integrated iPhone 16 series, further underscoring Apple's market influence.