US EditionApple closes at record after strong iPhone 17 sales report for U.S., China
- On Monday, October 20, 2025, Apple Inc.'s stock surged to $264.37, pushing its market cap near $4 trillion and making it the second-most-valuable company behind Nvidia.
- New data from Counterpoint Research shows iPhone 17 models outsold iPhone 16 by 14% in the U.S. and China, while Apple unveiled a slimmer iPhone Air in September.
- Loop Capital upgraded Apple Inc. to Buy and raised its price target to $315 from $226, projecting iPhone shipment expansion through CY2027 with a 32x multiple on 2027 EPS of $9.65.
- Apple Inc. is due to report fourth-quarter earnings after the market close on Oct. 30, with analysts expecting $1.76 per share and $101.67 billion in revenue, while Monday's rally heightens expectations.
- Apple intends to release its first purpose-built `AI Phone` in 2027, Loop Capital projects Wall Street underestimates iPhone prices by more than 5% through at least 2026, and earlier this year Apple pledged a US$100 billion investment to navigate U.S. tariffs.
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Apple's shares rose this Monday to their highest level in history.The increase responded to the strong performance of iPhone 17 in the U.S. and China markets.During the day, the company's titles reached a price of $264,38, which represented an increase of 4.79% over the beginning of the day. Subsequently, they moderated their advance to 4.33%, with a value of $263,20.With this stock market escalation, the firm's market capitalization stood at ap…
Apple Shares Jump 4% On Robust IPhone 17 Sales In U.S. And China
(RTTNews) - Apple's (AAPL) stock climbed 4% on Monday after reports indicated that the iPhone 17 series launched in September has outperformed the iPhone 16 series by 14% in first-10-day sales across the U.S. and China, according to Counterpoint Research.
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