Apple on Tuesday became the third Big Tech firm to cross the $4 trillion market value mark, as strong demand for its latest iPhones eased concerns about its slower pace in the AI race.

The stock was last up 0.2% at $269.2 in early trading, hitting an all-time high.

Apple’s shares have gained about 13% since the new launches on September 9, in a remarkable turnaround that pushed the stock into positive territory for the first time this year.

iPhone 17, The Game Changer

“The iPhone accounts for over half of Apple’s profit and revenue and the more phones they can get into the hands of people, the more they can drive people into their ecosystem,” said Chris Zaccarelli, chief investment officer for Northlight Asset Management, ahead of the milestone.

Apple shares had struggled earlier th

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