Published: October 29, 2025, 07:59 PM
Apple’s stock surged 4.2% to a record $262.90 on Monday, pushing its market value close to $4 trillion after strong early sales of the new iPhone 17 series in China and the U.S. outpaced its predecessor, according to Reuters.
Apple`s shares reached a record high on Monday, bringing the company closer to a $4 trillion market valuation following strong early sales data for its latest iPhone models, as per a recent report by Reuters.
The stock rose 4.2% to $262.90, giving Apple a market capitalisation of approximately $3.9 trillion. At the time of writing, Apple is standing at a market cap of $3.891 trillion, ranked as #2 company in the world in terms of market cap, right after Nvidia and beating Microsoft.
As per the Reuters report, research firm Counterpoint found that the new iPhone 17 series outperformed its predecessor, with sales in China and the United States exceeding iPhone 16 series sales by 14% during the first ten days of availability. The company maintained steady pricing for its new devices despite ongoing concerns about US tariffs.
Analysts at Evercore ISI added Apple to their Tactical Outperform List, noting that initial delivery times in China suggest stronger demand than in other regions, adds the Reuters report. The share increase follows a period of earlier challenges this year when Apple faced concerns about competition in China and potential tariff impacts.
Apple is scheduled to report its quarterly earnings on October 30. If the day`s gains hold, this would mark the stock`s largest single-day increase in four weeks, suggests Reuters.
