By Admin 
Apple Shares Surge: Shares of iPhone maker Apple reached their all-time high level on Monday. With this, the valuation of the company has reached close to 4 trillion dollars i.e. 4 lakh crores (about 352 crores).
The reason behind this rise in Apple’s shares is the strong demand for iPhone 17. Due to this, its shares jumped 4.2 percent to $262.9 on Monday. With this, Apple has become the second largest company in the world. Its market cap is 3.9 trillion dollars, whereas the market cap of the world’s largest company Nvidia is slightly more than this. Till now no one’s market cap has reached close to $4 trillion.
Expecting Apple to do better
Data from research firm Counterpoint has revealed that iPhone 17 has performed strongly compared to its first series in China and America. In both the countries, its sales were more than 14 percent compared to the iPhone 16 series in the first 10 days.
The situation is such that market research firm Evercore ISI has added its stock to its Tactical Outperform list because the brokerage expects that Apple will perform better than expected in the market in the next three months and its results may be better in the December quarter. “The launch of online ordering in China provides positive signals for the December quarter as early delivery data shows strong demand,” Evercore ISI said.
Apple shocked by tariffs
Apple launched the upgraded series of new iPhones in September. However, the company kept the price stable even amid tension regarding tariffs. Its effect was visible on its sales. However, Apple shares have been under pressure since the beginning of this year. The reason for this is American tariff. America has also imposed heavy tariffs on China and China is a major manufacturing hub for Apple. There was a slight rise in the company’s shares since August, but now Apple’s shares are roaring with the strong sales of iPhone 17.
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