Apple earnings updates: Wall Street is bullish on iPhone demand, AI, as market cap tops $4 trillion

Core Insights - Apple is set to report earnings for its fiscal fourth quarter after the market closes on Thursday, following a significant increase in its market capitalization to $4 trillion [1] - Wall Street analysts are optimistic about iPhone demand, which is expected to be the main factor driving a report that exceeds consensus estimates [1] - Investors are advised to pay attention to updates regarding Apple's ambitions in artificial intelligence, as there are concerns that its major competitors are advancing more rapidly in this area [1]