Apple joins $5 trillion club

Apple has become the second company in history to surpass a market value of over $5 trillion, following a 0.2% increase in its share price to reach $337.7, which raises its market capitalization to $4.96 trillion. The company briefly exceeded the $5 trillion mark during the session, reaching a level of $342.89. This growth was driven by strong demand for its products and its strategy focused on customer experience rather than excessive spending on artificial intelligence. Additionally, the company maintained iPhone prices while increasing prices for other devices. Apple launched a device leasing program with prices starting at $17.99 per month, leading to optimism about the company's future performance, with expectations of over 15% revenue growth in the third quarter financial results scheduled after the market closes on Thursday.

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