Apple(US:AAPL) Hua Er Jie Jian Wen·2025-10-28 21:23Core Viewpoint - Apple reached a market capitalization of $4 trillion for the first time during intraday trading, although it could not maintain this level by the close of trading [1]. Group 1: Market Performance - On Tuesday, Apple's stock price increased by 0.07%, leading to an intraday market cap exceeding $4 trillion [1]. - Microsoft also saw a stock price increase of approximately 2%, allowing it to surpass the $4 trillion market cap and close above this threshold [1]. Group 2: Upcoming Earnings Reports - Investors are closely monitoring the upcoming earnings season, with the performance of both Apple and Microsoft being critical indicators for market growth expectations [3]. - Microsoft is set to release its earnings report on Wednesday, while Apple will follow on Thursday [3]. Group 3: iPhone Sales and Analyst Confidence - Strong iPhone sales have significantly contributed to Apple's market cap surge, with a 25% increase in stock price over the past three months, driven by positive sales trends for the newly released iPhone 17 series [4]. - Analyst sentiment is optimistic, with JPMorgan analyst Samik Chatterjee raising Apple's target price to $290 per share, indicating a more favorable outlook entering the earnings season [4]. Group 4: Geopolitical Risk Management - Apple has effectively mitigated geopolitical risks by shifting a significant portion of its supply chain for the U.S. market to India and Vietnam, thereby reducing exposure to potential tariffs [5]. - The company has maintained a positive relationship with the U.S. government regarding domestic manufacturing, which has improved its position in a complex international trade environment [5]. - Chatterjee noted that Apple's accelerated domestic investment and rapid transition of U.S.-market production to India and Vietnam have enhanced its standing in the tariff landscape [5].