Apple Surges Past $5 Trillion Market Cap Amid Strong iPhone Demand
Apple's market capitalization has surged to $5 trillion after dethroning Nvidia as the world's most valuable company.
This milestone comes despite concerns about price hikes, which may impact Apple's position in the future.
The company's strong performance is partly due to its bet on higher-end iPhone models, which are seeing stronger demand than expected, according to recent analyst data.