Apple shares scaled to a high record on Monday, bringing the tech company closer to becoming the third company to reach a $4 trillion market capitalization, amplified by strong request for its latest iPhone.
Apple shares jumped 4.2 percent to $262.9, giving it a market capitalization of about $3.9 trillion and making it the second most valuable company in the world after Nvidia. As of 7:36 GMT, the company’s shares were trading 3.94 percent higher at $262.24.
The iPhone 17 series outperformed the iPhone 16 series by 14 percent during the first 10 days of availability in China and the U.S., Apple’s two key markets that make up the bulk of iPhone sales globally, according to Counterpoint Research’s China, U.S. Q3 2025 Weekly Smartphone Sell-Out Tracker.
Of the four iPhone variants, this year’s base model iPhone 17 is performing well, especially in China, where consumers are reacting warmly to its strong value offering.
“The base model iPhone 17 is very compelling to consumers, offering great value for money,” Senior Analyst Mengmeng Zhang said. “A better chip, improved display, higher base storage, selfie camera upgrade – all for the same price as last year’s iPhone 16. Buying this device is a no brainer, especially when you throw channel discounts and coupons into the mix. Simply put, it provides extremely good value-for-money, and Chinese consumers are rewarding Apple for that.”
In September, Apple introduced an upgraded lineup of iPhones, including a sleeker iPhone Air, while keeping prices unchanged amid concerns over potential U.S. tariffs. Earlier this year, Apple’s stock had faced pressure due to intensifying competition in China and uncertainty about how the company would handle rising U.S. tariffs on key manufacturing bases like China and India.
However, shares have seen a modest rebound since early August after Apple announced an additional $100 billion investment in the United States, a move expected to help mitigate tariff risks.
If current gains continues, the stock is on track for its biggest single-day rise in four weeks and will be up more than 5 percent year-to-date. Apple is scheduled to release its quarterly earnings after market close on October 30.
Apple shares fell earlier this year due to strong speculation in China and uncertainty over how it would handle high US tariffs on countries such as China and India. However, the company’s stock had risen modestly since early August as it pledged $100 billion in additional US investment, which could help the tech giant to sidestep potential tariffs.
