Apple's market value is 2.2 times that of the A-share ChiNext! The first company in human history to reach a market value of $4 trillion?

In the "Christmas rally" of the US stock market, Apple's stock price rose by 1.15%, reaching a historical high for three consecutive trading days. Since early November, Apple has increased by approximately 16%, resulting in an increase of about $500 billion in market capitalization, surpassing $3.9 trillion (28.47 trillion RMB). This figure far exceeds the total market capitalization of stock markets in Germany, the UK, and France, and is also 2.2 times the total market capitalization of the ChiNext board in A-shares, which stands at 12.78 trillion RMB!

Currently, the night trading situation continues to maintain an upward trend, rising by as much as 0.6%, and is expected to become the first company in US stock market history, and even globally, to reach a market capitalization of $4 trillion.

According to Maxim Group analyst Tom Ford, the latest rise in Apple's stock price reflects investors' enthusiasm for artificial intelligence and expectations for it to drive the iPhone into an upgrade super cycle. Recently, it has been reported that Apple is in discussions with Tencent and ByteDance, hoping to integrate their artificial intelligence models into iPhones sold in the Chinese market; however, this discussion is still in the early stages. The market believes that Apple's cooperation talks with Tencent and ByteDance may accelerate the pace of Apple's AI integration in the domestic market. With the future integration of domestic large models into the Apple ecosystem and the successful localization of the iPhone AI experience, sales of Apple phones in the Chinese market are expected to see growth, providing growth opportunities for related industry chain segments.

In terms of revenue from major products, Apple's revenue in the Greater China region is as follows:

iPhone: FY24Q4 revenue in Greater China was $15.033 billion, a year-on-year decrease of 0.3%, with the decline rate continuing to narrow (the first three quarters saw year-on-year declines of -12.9%, -8.1%, and -6.5% respectively). The company stated that the key factor for this improvement is the sequential improvement in foreign exchange. According to IDC data, in Q3 2024, Apple shipped 56 million units in the global smartphone market, a year-on-year increase of 3.5%. The performance in Greater China continues to improve, mainly due to the significant effect of new iPhone products. Looking ahead to 2025, the iPhone 17 series hardware is expected to see many upgrades, and with the Chinese version of Apple Intelligence expected to launch in China in April 2025, revenue in the Greater China region is expected to recover to positive growth.

Mac: Revenue for the quarter increased by 1.7% year-on-year, mainly due to the strong performance of the MacBook Air.

iPad: Revenue for the quarter increased by 7.8% year-on-year, with strong growth not only in developed markets but also in emerging markets, where growth rates in Mexico, Brazil, the Middle East, India, and South Asia reached double digitsWearables: Revenue for the quarter was $9.042 billion, down 3% year-on-year. This quarter, the installed base of Apple Watch reached a record high, and Vision Pro has over 2,500 native spatial applications and 1.5 million applications compatible with visionOS2.

According to the latest revelations from renowned tech journalist Mark Gurman, after encountering some setbacks in 2024, Apple is focusing on three major growth opportunities in the new year: artificial intelligence, robotics, and smart home. Considering that Apple's efforts in robotics may take years to yield results, smart home could become a significant area of impact for Apple in 2025, in addition to the currently highly watched artificial intelligence progress. "After years of market dominance by Amazon and Google, Apple hopes to make a splash with a smart home product that integrates artificial intelligence," Gurman added