Apple Ascends: Sales Surge Pushes Market Value Near $4 Trillion Milestone
Apple is on the verge of another historic milestone, driven by its recent sales success. On Monday, the company’s share price rose to $262.9, boosting its market capitalization to nearly $3.9 trillion. This positions Apple as the world’s second most valuable company, just behind Nvidia, according to a Reuters report.
Research firm Counterpoint Research revealed that the iPhone 17 series sold 14 percent more units in the first ten days of launch across China and the United States compared to the iPhone 16. The report triggered a notable surge in Apple’s stock performance.
Analyst firm Evercore ISI noted that Apple is likely to deliver better-than-expected results in the December quarter. “Online order availability in China is driving stronger local demand,” the firm observed.
Apple unveiled its new generation of iPhones in September, including the slimmer iPhone Air, while maintaining the previous price range. Despite U.S. tariff concerns and growing competition from Chinese brands, Apple’s stock has risen more than 5 percent since the beginning of the year.
The company is scheduled to announce its quarterly earnings on October 30. Analysts predict that if the strong momentum of iPhone 17 sales continues, Apple could soon reach a market valuation of $4 trillion.
