Is Apple Set to Achieve a $4 Trillion Market Valuation?

Synopsis
Key Takeaways
- Apple is nearing a $4 trillion market valuation.
- The new iPhone 17 series is surpassing the iPhone 16 in sales.
- Significant growth in India’s premium smartphone market.
- Apple's highest festive sales recorded in India.
- One in five iPhones is now manufactured in India.
New Delhi, Oct 21 (NationPress) With the remarkable success of the latest iPhone 17 series, Apple is on the verge of achieving a market valuation of $4 trillion, positioning it as the second-most valuable company globally, following chip giant Nvidia.
On Monday (US time), Apple's shares reached a record high of $262.9, bringing the company's market valuation to approximately $3.9 trillion.
According to Counterpoint Research, the iPhone 17 series has significantly outperformed its predecessor in early global sales, particularly in major markets like China and the US.
Apple is scheduled to announce its quarterly earnings on October 30.
In alignment with the ‘Make in India’ initiative, the iPhone 17 models are seeing greater popularity than last year's iPhone 16 series within India, as reported by vendors and industry analysts.
The tech giant achieved its highest festive sales figures in India, with projections indicating a 28% year-on-year sales growth in 2025, driven by the success of the iPhone 17 series.
Annual sales for Apple reached nearly $9 billion last fiscal year, fueled by increasing disposable incomes and strong consumer demand. Analysts noted that the iPhone 17 series experienced a 19% increase in sales during its first week compared to the iPhone 16 series.
Apple is on track to surpass 4.5 million shipments this festive quarter, with the new iPhone Air expected to create additional interest.
Despite a market largely dominated by budget-friendly phones, premium smartphones are witnessing healthy growth, driven by rising disposable incomes in an expanding middle class, according to analysts.
The pricing for the iPhone 17 series starts with the iPhone 17 (256 GB) at Rs 82,900, while the iPhone Air (256 GB) begins at Rs 119,900; the iPhone 17 Pro (256 GB) starts at Rs 134,900 and the iPhone 17 Pro Max (256 GB) is priced from Rs 149,900.
India is becoming increasingly central to Apple's manufacturing strategy, with one in every five iPhones now produced in the nation.