Apple Shares Surge 4.2% on Strong iPhone Sales, Nearing $4 Trillion Valuation
Apple Inc. (AAPL) shares jumped 4.2% to $262.9, bringing the company close to a $4 trillion market valuation. The surge is attributed to strong sales data for the new iPhone series, with a 14% increase in China and the United States during the first 10 days compared to the previous series. Evercore ISI added Apple to its Tactical Outperform List, citing expectations of beating market forecasts and strong initial demand in China. Apple's recent product launches and strategic decisions, including maintaining steady pricing and pledging additional U.S. investment, have contributed to investor confidence.

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Apple Inc. (AAPL) shares experienced a significant boost, jumping 4.2% to $262.9, as the tech giant inches closer to a historic $4 trillion market valuation. This surge comes on the heels of positive sales data for the new iPhone series and an optimistic outlook from a major brokerage.
Market Performance
Metric | Value |
---|---|
Share Price Increase | 4.2% |
Current Share Price | $262.90 |
Approximate Market Cap | $3.9 trillion |
The impressive rally has positioned Apple on the brink of becoming the third company to achieve a $4 trillion market capitalization.
iPhone Sales Success
Counterpoint Research reports that the latest iPhone series has outperformed its predecessor by a significant margin:
Region | Sales Increase (First 10 Days) |
---|---|
China and United States | 14% |
This strong start in two of Apple's crucial markets has bolstered investor confidence and contributed to the stock's upward momentum.
Analyst Optimism
Evercore ISI has added Apple to its Tactical Outperform List, citing several positive factors:
- Expectations of beating market forecasts for the current quarter
- Anticipation of positive guidance for the upcoming quarter
- Stronger initial demand observed in China following online order launch
Product and Strategy Updates
Apple's recent moves have also played a role in its stock performance:
- Unveiled an upgraded iPhone lineup
- Introduced a slimmer iPhone Air model
- Maintained steady pricing despite U.S. tariff concerns
- Pledged an additional $100 billion in U.S. investment
These strategic decisions appear to have helped Apple overcome earlier challenges related to competition in China and tariff uncertainties.
Looking Ahead
Investors and analysts will be closely watching Apple's upcoming quarterly earnings report, scheduled for October 30. The report will provide more detailed insights into the company's financial performance and may offer guidance on future growth prospects.
As Apple approaches the $4 trillion valuation milestone, market observers will be keen to see if the company can maintain its momentum and potentially achieve this historic market cap threshold.