Apple Seen Overtaking Nvidia's $5 Trillion Value on 24% China iPhone Sales
Updated
Updated · The Motley Fool · Jul 16
Apple Seen Overtaking Nvidia's $5 Trillion Value on 24% China iPhone Sales
3 articles · Updated · The Motley Fool · Jul 16
Summary
Apple could soon reclaim the market-cap lead from Nvidia, with a Motley Fool analyst arguing China growth and new AI approvals can push it past Nvidia’s $5 trillion valuation.
24% year-over-year iPhone sales growth in China — versus a 4.3% drop in overall smartphone shipments — is central to that case, as Android rivals raised prices amid higher memory and component costs.
Apple also won approval this week to roll out Apple Intelligence on iPhones in China after a two-year licensing process, partnering with Alibaba and Baidu to meet local rules.
Shares have already reflected some of that momentum: Apple is up 20% in 2026, ahead of the S&P 500’s 10% gain, while China still accounts for about 18% of Apple sales.
The bullish call hinges on Apple using stable iPhone pricing to win share and expand its services ecosystem, even as Nvidia remains exposed to any sign that AI demand is cooling.