Apple shares closed gains close to 4% on the Nasdaq, reaching $264.37, a new all-time high. With this increase, its market capitalization has reached 3.91 trillion dollars and is already flirting with the four trillion mark, a figure reached until now only by Nvidia and Microsoft. Of course, Apple, which for years was the most capitalized company in the world, surpassed the Windows manufacturer in this race this Monday. Nvidia, for its part, is looking from very far away, above 4.5 billion.
This Monday, Apple has been favored by the improvement in the recommendation, from hold to buy, by Loop Capital, which has highlighted the positive trend in iPhone sales after the presentation of the new models last September.
Apple has experienced a year of strong shocks on the stock market. In the first part of the year, until April, the shares fell 31%, to $169, penalized by the uncertainty derived from the impact that tariffs could have on their accounts. In the previous quarter, the firm recognized an impact of 900 million dollars on its accounts due to the rates imposed by the US administration.
Since then, once these unknowns were clarified, thanks largely to the new investment plans in the United States, as demanded by the president of the United States, Donald Trump, Apple’s shares have accumulated a revaluation of 55%.
Apple’s recent strength on the stock market coincides with signs in the market of greater-than-expected demand for its new iPhone models, raising hopes for an earlier update cycle. Over the past weekend, an analysis by Counterpoint Research noted that the iPhone 17 series outsold the iPhone 16 by 14% during their respective first 10 days of sales in the US and China, the two largest markets.
“We are now in the early stage of Apple’s long-awaited adoption cycle,” according to Loop analysts, who also raised their price target on the apple company’s stock to $315, implying an upside potential of approximately 25% from Friday’s close.
Evercore ISI also added the stock to its list of values with the recommendation of overweight, because in its opinion the demand for the iPhone suggests that it could be higher than the average renewal cycle of the aforementioned terminal. Melius Research in turn believes that the company is regaining its momentum, writing that “Apple has set out to silence its critics,” thanks to positive trends in China and the push for new models.
Apple will present the results of its fourth fiscal quarter, closed at the end of September, on October 30. The company will provide data to the market on the evolution of the new iPhone 17 as well as the new Apple Watch models. In the previous quarter, the company reported revenue of $94 billion, 10% more than the same period last year, and above market forecasts. Apple was benefited by the 13.5% improvement in iPhone sales, which exceeded 44.58 billion. The company highlighted in July that it had reached the level of 3,000 million iPhone units sold since 2007, in a business unit that already exceeds 200,000 million dollars in revenue per year.
Investors and analysts are also awaiting Apple’s possible announcements on its shareholder remuneration strategy. Between April and June, the company allocated $21 billion to share buybacks, and another $3.9 billion to pay dividends and equivalents. In the first nine months of its fiscal year, it allocated 11,559 million to dividends and 70,579 million to share repurchases.
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