Apple nears $4 trillion valuation as iPhone 17 demand drives shares higher
Apple nears $4 trillion valuation as iPhone 17 demand drives shares higher
Apple stock climbs toward a $4 trillion mark as iPhone 17 demand outpaces the iPhone 16 in early sales in China and the U.S., with analysts signaling a December quarter boost could follow.
Analysts highlighted the momentum. Evercore ISI added Apple to its Tactical Outperform List, saying the company is likely to beat market expectations for the current three-month period and issue upbeat forecasts for the December quarter. The note credited online orders in China as a potential tailwind, with initial delivery time data showing stronger demand there relative to other regions at launch.
Apple introduced an updated lineup in September, including a slimmer iPhone Air, and kept prices steady despite concerns over U.S. tariffs on Asian suppliers. The stock has rallied modestly since August, a period that saw Apple pledge an additional $100 billion in U.S. investment, a move the company framed as a step to support its supply chain and potentially ease tariff-related pressures.
Even as it nears a potential milestone, Apple remains under the watchful eye of investors navigating competition in China and shifts in tariffs and supply chains. The company’s effort to diversify manufacturing and maintain price points appears to be paying off as demand for the iPhone 17 line picks up in key markets, keeping Apple at the forefront of the tech rally that has helped Nvidia lead the market this year.
