Apple’s newest iPhone 17 lineup is driving the tech giant toward a $4 trillion market cap, making it the second‑most valuable company in the world after Nvidia.
On Monday, Apple shares jumped to an all‑time high of $262.9, lifting the company’s value to nearly $3.9 trillion. The surge follows strong early sales of the iPhone 17, especially in China and the United States, according to data from Counterpoint Research.
Apple will report its quarterly earnings on October 30. Meanwhile, the iPhone 17 is gaining traction in India under the “Make in India” initiative. Vendors and analysts say the new models are selling better than the 2025 launch of the iPhone 16, with a projected 28 % jump in sales for 2025.
Last fiscal year, Apple’s annual sales reached a record close to $9 billion, fueled by rising disposable incomes and high consumer demand. In the first week, the iPhone 17 outsold the iPhone 16 by 19 %. Apple is on track to ship 4.5 million units this festive quarter, thanks partly to the new iPhone Air.
In India’s phone market, value‑for‑money devices dominate, yet premium smartphones are growing as more middle‑class consumers can afford them. The iPhone 17 starts at ₹82,900, the iPhone Air at ₹119,900, the iPhone 17 Pro at ₹134,900, and the iPhone 17 Pro Max at ₹149,900, all available in 256 GB variants.
India plays a growing role in Apple’s manufacturing: one in every five iPhones is now built in the country.
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Source: ianslive
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