Apple Nears $4 Trillion Valuation Amid Strong iPhone 17 Demand

Apple’s stock surged 4.2% to $262.90, bringing its market capitalization to approximately $3.9 trillion. This positions Apple as the second most valuable company globally, following Nvidia. The uptick is attributed to robust early sales of the iPhone 17 series, which outpaced the iPhone 16 by 14% in both China and the U.S. during the initial 10 days of release. 

The base model iPhone 17 experienced a notable 31% increase in sales across these markets. This growth is linked to enhancements such as a faster chip, improved display, increased base storage, and an upgraded selfie camera, all maintained at last year’s pricing. 

In addition to hardware improvements, Apple’s strategic integration of AI features, including OpenAI’s ChatGPT, into its devices has bolstered investor confidence. This move is seen as a significant step in Apple’s AI strategy, aiming to rejuvenate iPhone sales and drive future growth. 

Apple’s commitment to innovation is further demonstrated by its $100 billion investment in U.S. manufacturing, aimed at mitigating potential tariff impacts and strengthening its supply chain. 

Analysts anticipate that if the current momentum continues, Apple could become the first company to achieve a $4 trillion market valuation, underscoring its leadership in the tech industry.