Apple Nears $4 Trillion Market Cap as iPhone 17 Sales Surge

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• Apple shares rose 4.2%, nearing $4 trillion valuation.
  
• iPhone 17 sales outperform the iPhone 16 by 14% in early markets.
  
• $100B U.S. investment boosts stock and reduces tariff risks.

Apple shares surged Monday, pushing the tech giant closer to a $4 trillion market valuation. Strong early sales of the iPhone 17 series in China and the U.S. have fueled investor optimism, positioning Apple as the second most valuable company globally, behind AI-chip leader Nvidia.

iPhone 17 Outperforms Expectations

Data from Counterpoint Research shows that the new iPhone 17 models outsold the iPhone 16 series by 14% in the first 10 days of availability in the U.S. and China. Analysts attribute the surge to both product upgrades and stable pricing, despite concerns over U.S. tariffs on imports from China and India.

Evercore ISI recently added Apple to its Tactical Outperform List, citing strong sales momentum and expectations for positive forecasts in the December quarter. The brokerage highlighted that initial delivery times in China indicate stronger demand relative to other regions, suggesting robust holiday-season sales ahead.

Stock Recovery and Strategic Investments

Earlier this year, Apple faced headwinds from intense competition in China and tariff uncertainties. Shares had been under pressure until the company pledged $100 billion in additional U.S. investments, a move aimed at mitigating potential tariff risks.

Market strategists note that the company’s proactive measures, combined with the positive iPhone reception, have put Apple “on the front foot.” Art Hogan, chief market strategist at B. Riley Wealth, remarked that the latest iPhone launch exceeded expectations and strengthened investor confidence.

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Looking Ahead: The $4 Trillion Milestone

Apple’s share price jumped 4.2% to $262.9 on Monday, bringing its market capitalization to roughly $3.9 trillion. If momentum continues, Apple could join an elite group of companies to surpass the $4 trillion valuation mark. For investors, the combination of strong product demand and strategic U.S. investments may indicate further upside potential in the months ahead.

Apple’s recent stock surge underscores the power of innovation and strategic planning. With iPhone 17 sales exceeding expectations and U.S. investments reducing tariff risks, the tech giant is well-positioned to hit historic market milestones.

Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.