Apple Nears $4 Trillion Valuation on iPhone 17 Success
Apple is approaching a historic $4 trillion market valuation, driven by exceptional early sales of its new iPhone 17 series. The company’s shares hit a record $262.9, pushing its market cap to nearly $3.9 trillion and making it the world’s second-most valuable company after Nvidia.
Key Takeaways
- Apple’s market valuation reaches $3.9 trillion, nearing the $4 trillion milestone
- iPhone 17 series sales outperform iPhone 16 by 19% in first week
- India sales hit record highs with 28% growth forecast for 2025
- One in five iPhones now manufactured in India
Global Sales Performance
According to Counterpoint Research, the iPhone 17 series has shown stronger early sales globally compared to its predecessor, particularly in crucial markets like China and the United States. The company is set to report its quarterly earnings on October 30.
India Market Breakthrough
In a significant boost to India’s manufacturing ambitions, the iPhone 17 is gaining substantially more traction than last year’s models. Apple achieved its highest-ever festive season sales in India, with analysts predicting a 28% year-on-year sales increase in 2025.
Apple’s annual sales in India reached a record $9 billion last fiscal year, fueled by rising disposable incomes and strong consumer demand. The tech giant is on track to surpass 4.5 million shipments this festive quarter, with the new iPhone Air expected to generate additional momentum.
Premium Segment Growth
Despite a market traditionally dominated by value-focused devices, premium smartphone sales are experiencing robust growth. Analysts attribute this trend to increasing disposable incomes among India’s expanding middle class.
iPhone 17 Pricing
The iPhone 17 series starts at Rs 82,900 for the 256GB base model, with the iPhone Air beginning at Rs 119,900. The Pro models are priced from Rs 134,900 (iPhone 17 Pro) and Rs 149,900 (iPhone 17 Pro Max).
India’s role in Apple’s global strategy continues to expand, with manufacturing reaching a significant milestone: one in every five iPhones is now produced in the country, strengthening the company’s ‘Make in India’ presence.
