Tech stocks have been a bloodbath this last week, but Apple’s iPhone has supported the company enough with it once more taking the top spot as the most valuable firm in the world.
Apple’s valuation is down, but the largest in the world
Apple’s valuation is down, but the largest in the worldThat top spot has been going back and forth between Apple and Nvidia for some time now, as iPhone and Services demand go up against AI chip consumption. This time, Apple’s stock has been rising on the back of multiple hardware releases, plus the seamless transition of CEO from Tim Cook to John Ternus.
Apple stock closed on October 30 down to $344.63, leaving the company with a $5.03 trillion valuation. Nvidia had a tough day too, and finished below AAPL at $204.64 per share, and a $4.93 trillion valuation.
This latest valuation comes despite one analyst believing that Apple has confused iPhone buyers. Loop Capital claims that moving the base iPhone launch from September to some point early in 2027 has left buyers unsure.