Apple's market value skyrocketed by 1 trillion. The iPhone 17 sales are booming, and its stock price hit a new high.

According to ZDXX on October 21st, today, with the strong sales of the iPhone 17 series, Apple's latest stock price soared to a new high, and its latest market value has reached $3.89 trillion (approximately RMB 27.7 trillion). It may become the world's third company with a market value exceeding $4 trillion (approximately RMB 28.47 trillion).

Data from Counterpoint, a globally renowned research institution, shows that the early sales of the iPhone 17 series in the Chinese and US markets are higher than those of previous generations. Within 10 days of its launch, the sales of the iPhone 17 series were 14% higher than those of the iPhone 16 series.

As of the close of US stocks on October 21st, Apple's stock price was $262.24 per share (approximately RMB 1,866.75), with a single - day increase of 3.94%, and its total market value reached $3.89 trillion. Compared with the previous day's close, Apple's market value soared by $147.5 billion (approximately RMB 1.0502 trillion).

Apple's stock price at the close of US stocks on October 21st

Currently, only NVIDIA and Microsoft are companies with a global market value exceeding $4 trillion. However, Microsoft's market value dropped below $4 trillion at the beginning of September this year, and Apple may become the third giant with a $4 - trillion market value.

01. The iPhone 17 series offers more for the same price, and the sales of the standard version outperform the iPhone 16

Apple released a new generation of iPhones in September, including the iPhone 17 standard version, iPhone 17 Pro, iPhone 17 Pro Max, and iPhone Air, with the starting price remaining the same as the previous generation.

Counterpoint said that in the Chinese market, the sales of the iPhone 17 standard version nearly doubled compared with the iPhone 16 during the same period. In the Chinese and US markets, the overall sales of this model increased by 31%.

The iPhone 17 series (Source: Reuters)

Zhang Mengmeng, a senior analyst at Counterpoint, said in a report: "The iPhone 17 standard version is very attractive to consumers and offers high cost - effectiveness. It has a better chip, a more powerful display, a larger storage capacity, and an upgraded front - facing camera, but the price is the same as that of the iPhone 16 standard version last year."

02. Apple's stock price hits a record high, and its market value approaches $4 trillion

The latest data shows that the sales of the new iPhone are strong, and Apple is just one step away from becoming the world's third company with a market value of $4 trillion. Currently, Apple ranks second in market value in the United States, second only to NVIDIA.

Apple and NVIDIA's stock prices at the close of US stocks on October 21st

Last weekend, Evercore ISI, a US investment research institution, included Apple's stock in the "tactically outperform the market" list, expecting Apple's performance this quarter to exceed market expectations and making an optimistic forecast for the fourth - quarter performance.

An analyst at Evercore ISI said in a report: "The online ordering service recently launched by Apple in China may have a positive impact on the fourth quarter. The preliminary delivery time data shows that the initial demand in the Chinese market is stronger than that in other regions when the product was launched."

Earlier this year, Apple's stock price was under pressure because the company was worried about the fierce competition in the Chinese market and was unsure how to deal with the high tariffs imposed by the United States on countries such as China and India.

However, since Apple promised to invest an additional $100 billion (approximately RMB 711.71 billion) in the United States at the beginning of August, its stock price has rebounded slightly.

If the upward trend continues, the stock will record its highest single - day increase in four weeks, and the cumulative increase since the beginning of the year will exceed 5%.

03. Conclusion: The demand for the iPhone 17 series exceeds expectations, boosting Apple's continuous performance improvement

Art Hogan, the chief market strategist at US investment bank B Riley Wealth, said: "The sales of the latest version of the iPhone launched by Apple are much better than expected... The demand trend for the iPhone is currently leading."

The market generally believes that the unexpected demand for the iPhone 17 series has boosted the sharp rise in Apple's stock price and made a positive forecast for Apple's performance this quarter. With the strong sales of the iPhone series and Apple's market value ranking second in the United States, the market's attention to technology stocks has also increased. Apple will release its quarterly financial report after the close of US stocks on October 30th.

This article is from the WeChat public account "ZDXX" (ID: zhidxcom), written by Wang Xinyi and edited by Cheng Qian. It is published by 36Kr with authorization.