Is the Tech Large Nonetheless a Purchase After Slowing Development?

It’s been greater than two years since Apple grew to become the primary firm in Wall Road historical past to succeed in a market cap of $3 trillion, and the iPhone maker has since grown its valuation by a trillion extra.

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The distinction now’s that Apple shouldn’t be alone within the $4 trillion membership — and not even ranks on the prime. That title belongs to Nvidia, which final yr handed Apple because the world’s most dear firm, and at the moment boasts a market capitalization rocketing towards $5 billion. In the meantime, Apple ranks second whereas Microsoft rounds out the highest three.

So, is Apple nonetheless a purchase because it hovers at a $4 trillion market cap? The corporate’s inventory worth has edged barely greater in 2025, however it additionally faces a number of challenges.

In June 2023, Apple grew to become the primary firm to shut the buying and selling day with a valuation of $3 trillion or extra. As Fortune reported on the time, the $3 trillion milestone continued a fast ascent that noticed Apple attain $1 trillion in 2011 and $2 trillion in 2020.

Apple’s inventory worth traded at round $194 a share when it hit the $3 trillion mark, in keeping with Yahoo Finance. Shares have since risen by about 35% to shut at $262.82 on Oct. 24, 2025. In the meantime, Apple’s market cap has climbed by roughly 30%.

However currently, Apple’s inventory momentum has slowed significantly. Shares are up by about 6% year-to-date in 2025. That lags nicely behind the tech-heavy Nasdaq, which is greater than 20% year-to-date.

Apple shares did contact a brand new all-time excessive of $265.29 on Oct. 21, 2025. Listed below are among the firm’s key metrics as of early Oct. 27, 2025:

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Most analysts proceed to view Apple with guarded optimism. A current MarketWatch ballot of 52 analysts arrived at a consensus score of “obese,” that means they believed the inventory will outperform others in its sector over the subsequent six to 12 months.

Of these 52 analysts, 24 rated Apple a “purchase,” whereas the others had been damaged down between “maintain” (16 analysts), “obese” (8), “underweight” (2) and “promote” (2).

There are some issues, nonetheless. For one factor, Apple posted an annual earnings dip in fiscal yr 2024, Merely Wall Road reported. Outcomes of Apple’s fourth-quarter 2025 outcomes from Oct. 30, 2025 noticed quarterly income up 8%, although.

The larger fear is Apple’s income progress as a complete, which is anticipated to sluggish over the subsequent couple of years. Right here’s a have a look at the corporate’s common annual income estimates as of Oct. 25, per Yahoo Finance: