Apple Nears $4 Trillion Club, Record Exports from India
On October 21, the global technology giant Apple is once again on the path to making history. Thanks to the blockbuster sales of the iPhone 17 series, the company’s market capitalization, or market cap, has approached the $4 trillion mark. Apple has surpassed Microsoft and is now the world’s second-largest company after Nvidia.
In the latest trading session, Apple’s shares surged by approximately 3.94%, closing at $262.24 per share, pushing the company’s market cap to about $3.9 trillion.
This surge came as Counterpoint Research data revealed that Apple’s new iPhone 17 series has outperformed its predecessor, the iPhone 16 series, in early sales globally, especially in key markets like the United States and China. Increasing consumer demand has pushed Apple's stock to new heights.