Apple Shares Soar as iPhone 17 Sales Outpace Expectations, Nearing $4 Trillion Valuation

Apple Inc. shares hit a record high as strong sales of the iPhone 17 series exceeded expectations, putting the company close to a $4 trillion valuation.

• In the first 10 days since launch, the iPhone 17 series sold 14% more units than the previous iPhone 16 series in both China and the United States.
• Apple Inc. shares surged to an all-time high on Monday, driven by positive sales data that highlights the strong consumer demand for the latest iPhone models.
• The robust early performance of the iPhone 17 series positions Apple Inc. to potentially become the third company in history to achieve a $4 trillion market valuation.