On November 7, it was reported that tech giants Microsoft and Apple both saw their market capitalizations briefly surpass $4 trillion this week. Although Apple failed to maintain this level at Tuesday's close, it achieved the milestone in the following trading session, becoming the second and third companies globally—after Nvidia—to reach this valuation.

Notably, the launch of the iPhone 17 has driven down prices for the iPhone 16. According to authoritative tech media, the iPhone 16 recently sold for just 239 yuan in an ongoing promotion on Paiyide.net, setting a new record low since its release.

As the dominant player in the global premium consumer electronics market, Apple once held the top spot in market capitalization. After Nvidia claimed the No. 1 position, Apple remained in second place for some time. However, its valuation trailed Microsoft on Tuesday and Wednesday.

By Thursday and Friday, Apple stabilized above $4 trillion, while Microsoft dipped below this threshold on Thursday and continued declining. At Friday's close, Apple's stock price stood at $270.37, down $1.03 (0.38%) from the previous day, with a market cap of $4.012 trillion. Microsoft closed at $517.81, dropping $7.95 (1.51%) to a valuation of $3.849 trillion.

Microsoft first fell below $4 trillion on Thursday, closing with a market cap of $3.908 trillion. Earlier in the week, Microsoft had briefly touched $4.029 trillion on Tuesday, while Apple reached $3.993 trillion. By Wednesday's close, Microsoft stood at $4.025 trillion and Apple at $4.002 trillion.

The iPhone 16 (official China version) has a reference price of 5,288 yuan but is currently selling for 239 yuan on Paiyide.net.