Apple Inc's market cap stands at $3.6 trillion, making it the most valuable company traded on any US exchange. A potential 10% increase would make it the first public corporation to reach $4 trillion.
According to Counterpoint, iPhone 16 sales surged 20% in the first three weeks in China compared to iPhone 15 sales a year ago, highlighting China as a crucial market.
The next earnings announcement on October 31 will be pivotal, as last year's revenue was $89.5 billion. It remains unclear what constitutes a successful quarter given recent iPhone sales.
Apple contends with Nvidia Corp in the race for the $4 trillion market cap, where Nvidia's earnings need to grow significantly to maintain its rapid revenue growth.
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