The global popularity of the iPhone 17 series has boosted Apple's stock price to a record high, with a market value exceeding $3.9 trillion.

Benefiting from the global hot sales of the iPhone 17 series, Apple's stock price on the US stock market hit a record high today, reaching $263.93, with an intraday increase of more than 4.5%. The total market value exceeded $3.9 trillion, reaching $3.92 trillion at one point.

According to reports, data released by market research firm Counterpoint Research on October 19 showed that in the first 10 days after the launch of the iPhone 17 series, its sales in the Chinese and US markets increased by 14% compared with the iPhone 16 series in the same period last year.

The base model of the iPhone 17 was the "core driving force" behind the sales growth - its sold - out data increased by nearly 33% compared with the iPhone 16 series. The research firm said: "The standard version of the iPhone 17 is extremely attractive to consumers and has significant cost - performance advantages."

In the domestic market, the iPhone 17 series has also been selling well. According to data released by well - known domestic digital blogger Digital Chat Station, as of October 12, the activation volume of the iPhone 17 series in the domestic market had exceeded 4 million units.

The most expensive iPhone 17 Pro Max is the most popular high - end smartphone in the market. In the Chinese market, its single - week (October 6 - 12) activation volume exceeded 600,000 units, and the same was true in the US market.

The iPhone Air, which replaces the iPhone Plus model, is currently performing better than the iPhone 16 Plus. In the Chinese market, since the pre - order started, all the in - stock units have been snapped up by consumers.

It is the continuous hot sales of the iPhone 17 series in major global markets such as China and the United States that have also attracted Wall Street capital to refocus on Apple.

Currently, many Wall Street investment institutions have given positive evaluations of Apple Company, believing that the iPhone 17 series will boost performance expectations. Loop Capital analyst Ananda Baruah upgraded Apple's rating from "neutral" to "buy" and raised the target price from $226 to $315. He said that the strong sales of the iPhone 17 series bring "significant upside potential" to the iPhone business. Investment firm Evercore ISI included Apple in its "Tactical Outperform List" and also mentioned the strong performance of iPhone sales data. The firm also reaffirmed its "Outperform" rating on Apple and maintained a target stock price of $290.

This article is from the WeChat public account "Linzhang" (ID: TMT317), author: Linzhang. It is published by 36Kr with authorization.