On October 19, Dan Ives, a well-known analyst at Wedbush Securities, said that Apple, Nvidia and Microsoft are gradually breaking through the $3 trillion market value mark and moving towards $4 trillion. He pointed out that Apple will be the first US company to reach a market value of $4 trillion, and Nvidia and Microsoft will follow suit. "Apple's artificial intelligence-based super cycle will start from iPhone 16 and will start in the December quarter, when more Apple Intelligence will be launched," Ives said. "We believe that 20% of the world's population will use AI through Apple devices. In the next three to six months, Apple will have a historic year, iPhone sales will exceed 240 million units."