Apple (AAPL) stock is surging toward a $4 trillion valuation, driven by unprecedented global demand for the new iPhone 17. Read the latest on the historic surge!
Apple Inc. is on the verge of shattering records yet again, as its market capitalization surged tantalizingly close to the $4 trillion mark in early trading Tuesday. The massive rally is being fueled by overwhelming global demand for the new iPhone 17 series, silencing critics and reaffirming Apple's dominance in the tech world.
Shares of Apple (AAPL) jumped 4.2% to $262.9, following reports of record-breaking sales and pre-order backlogs for its latest smartphone, which stretch well into early 2026.
This enthusiasm has reignited confidence on Wall Street, pushing Apple’s value firmly past its previous highs.
The iPhone 17, launched last month, is being hailed as a ‘super-cycle’ driver. Its runaway success can be attributed to its revolutionary new processor and advanced spatial computing features. These features are compelling existing users to upgrade at an unprecedented rate.
It turns out high demand was an understatement. Early sales figures and word from Asia-Pacific suppliers show that the iPhone 17 and 17 Pro are flying off the shelves way faster than anyone predicted.
It seems customers really bought into the hype, with interest centered on the new AI smarts and the exceptional camera system.
This surge pretty much solidifies Apple's position as the most valuable company. Now, as the stock keeps ticking up, the big question is whether it'll actually cross that historic line by the end of the day?!
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