PANews reported on October 19 that according to Jinshi, 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 heading towards $4 trillion. He pointed out that Apple will be the first American company to reach a market value of $4 trillion, followed by Nvidia and Microsoft. Ives said: "Apple's AI-based super cycle will start with iPhone 16 and will be launched in the December quarter, when more Apple Intelligence will be launched. We believe that 20% of the world's population will use AI through Apple devices. In the next 3 to 6 months, Apple will have a historic year with iPhone sales exceeding 240 million units."