Apple nears $4 trillion on iPhone 17 sales surge
Apple shares reached a record $262.9 on Monday as strong sales of the iPhone 17 series pushed the company toward a $4 trillion market valuation. The tech giant trails only chipmaker Nvidia in total market worth after climbing to nearly $3.9 trillion. Global data from Counterpoint Research shows the iPhone 17 lineup has exceeded early sales of previous models in major markets such as China and the United States. Apple will release its quarterly financial results on Oct. 30.
The company recorded its best festive season in India, with analysts projecting a 28 percent annual sales increase for 2025. First-week sales of the iPhone 17 series jumped 19 percent compared to the iPhone 16 launch in the country. Annual revenue in India hit a record $9 billion last fiscal year as consumer spending power expanded. Apple expects to ship more than 4.5 million units this quarter in India.
One in five iPhones is assembled in India as the company expands manufacturing operations there. Premium smartphone demand continues rising among the middle class despite price-conscious market conditions. The iPhone 17 starts at 82,900 rupees while the Pro Max model begins at 149,900 rupees. The new iPhone Air model has attracted additional buyer interest at 119,900 rupees.
