New Delhi: Driving on the stellar efficiency of the brand new iPhone 17 sequence, Apple is heading in direction of the $4 trillion market valuation, thus changing into the second-most precious firm after chip main Nvidia. Apple shares surged to an all-time excessive at $262.9 on Monday (US time). This took the corporate to a market valuation of almost $3.9 trillion.
Information from Counterpoint Analysis confirmed that the iPhone 17 sequence outperformed its predecessor in early gross sales globally, particularly in key markets like China and the US. Apple will report its quarterly earnings on October 30. In the meantime, in a lift to the ‘Make in India’ initiative, the iPhone 17 fashions are gaining stronger traction than final 12 months’s iPhone 16 sequence in India, in accordance with distributors and trade analysts.
The tech large achieved its highest festive-sales rely in India, with analysts forecasting a 28 per cent year-on-year gross sales improve in 2025 owing to the success of the iPhone 17 sequence.
Apple Annual Gross sales
Apple noticed its annual gross sales hit a document of almost $9 billion final fiscal, as disposable incomes rise amid sturdy client demand. Analysts stated that the primary week of gross sales for the iPhone 17 sequence was 19 % larger than the iPhone 16 sequence.
Apple was on observe to cross 4.5 million shipments this festive quarter with the brand new iPhone Air poised to generate contemporary traction. In a market dominated majorly by worth for cash telephones, there’s a good wholesome development for premium smartphones pushed by rising disposable incomes amongst a rising center class, in accordance with analysts.
iPhone 17 Mannequin Worth
Whereas iPhone 17 (256 GB) begins at Rs 82,900, iPhone Air (256 GB) begins from Rs 119,900; iPhone 17 Professional (256 GB) begins from Rs 134,900 and iPhone 17 Professional Max (256 GB) from Rs 149,900. India can also be changing into central to Apple’s manufacturing plans, with one in each 5 iPhones now being produced within the nation.