APPLE Shares Reach Pinnacle, Eyeing $4-Trillion Market Valuation
On Monday, APPLE shares ascended to unprecedented heights, bringing the tech titan tantalizingly close to joining the elite club of companies valued at $4 trillion. This surge comes in the wake of compelling data highlighting robust sales momentum for its latest iPhone model.
Research firm Counterpoint has revealed that the iPhone 17 series has outshone its predecessor in early sales figures, both in China and the United States. The latest models have surpassed the iPhone 16 series by an impressive 14 percent within the first ten days of their respective launches in these markets.
Consequently, Apple shares surged by 4.2 percent, reaching a price of $262.9. This impressive performance propelled the company’s market capitalization to approximately $3.9 trillion, positioning it as the second most valuable enterprise globally, just behind Nvidia, the leading AI-chip manufacturer.
Market Dynamics and Projections
Recent images of the new Apple iPhone 17, which includes the sleek iPhone Air, were prominently showcased at the Apple Store in New York, post-launch on September 19, 2025. Following this successful unveiling, Apple has indicated that it is nearing a monumental $4 trillion market valuation, spurred by the gratifying consumer response to the iPhone 17.
Over the weekend, Evercore ISI included Apple in its Tactical Outperform List, forecasting the company to exceed market expectations for the current quarterly period and provide favorable projections for the December quarter.
Evercore ISI analysts noted, “The recent launch of online orders in China could serve as a positive tailwind for the December quarter, as initial delivery timelines indicate heightened demand compared to other regions at launch.”
Strategic Innovations and Challenges
In September, Apple debuted an evolved line of iPhones, introducing a sleeker iPhone Air while maintaining pricing amid concerns surrounding U.S. tariffs.
Art Hogan, chief market strategist at B Riley Wealth, stated, “The launch of their latest iPhone was remarkably better than expected. Demand trends for Apple’s iPhones are now favorably positioned.”
Earlier in the year, Apple’s stock experienced turbulence due to apprehensions regarding intense competition in China and ambiguities surrounding its strategy to navigate high U.S. tariffs affecting key manufacturing regions such as China and India.
However, since early August, the stock has seen a gradual upward trajectory, largely attributed to Apple’s announcement of a $100 billion investment in the U.S., a strategic move to potentially mitigate the impact of impending tariffs.
If the gains persist, the stock is poised for its most significant one-day increase in four weeks and will surpass 5 percent growth year-to-date.
Investors eagerly await Apple’s forthcoming quarterly earnings report, scheduled for release after market close on October 30.
Source link: Manilatimes.net.
