Apple hits record as AI features promise boost in iPhone sales

NEW YORK, June 12 — Apple shares surged over 7 per cent to a record high yesterday, nearly regaining from Microsoft its crown as the world’s most valuable company a day after...

In suit, 1MDB alleges Rosmah spent up to RM1.6b using its funds to buy jewellery and handbags from 48 vendors in 14 countries

Sarawak budgets RM1b for Sri Aman to challenge Kedah paddy fields, aims to make Malaysia rice exporter and Bernas ‘irrelevant’ Yesterday's rally came as Apple trails the S&P 500 .SPX in 2024 due to waning iPhone sales and concerns on Wall Street that the company is lagging other technology heavyweights in a race to dominate emerging artificial intelligence technology.With a market capitalization of US$3.18 trillion, Apple was just behind Microsoft at US$3.22 trillion, and just ahead of AI chip powerhouse Nvidia NVDA.O at US$2.97 trillion.Microsoft’s market value most recently overtook Apple’s in January.

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