a day agoApple approaches the 4 trillion dollar assessment as stocks increase due to strong demand for iPhone 17
Periskopi(8 months ago)
(8 months ago)Apple's shares rose to a record level Monday, with the iPhone manufacturer close to becoming the third company to reach a $4 trillion market assessment, while data showed a strong momentum for the latest iPhone. Data from the research firm Countpoint showed that the iPhone series 17 [...]
Data from the research firm Counterpont showed that the iPhone 17 series surpassed its predecessor in early sales in China and the United States, with the newest models exceeding iPhone 16 by 14% during the first 10 days of availability in the two countries, Telegraph reports, conscripts Periscope broadcast.
Apple's shares increased by 4.2% to $226.9, giving it a market capitalization of about $3.9 trillion and making it the second most valuable company in the world after the giant artificial intelligence chip Nvivia.
Over the weekend, the ISI Evercree added action to its Tactical Improvement List, while mediation expects Apple to exceed market expectations for the current quarterly period and issue optimistic projections for the quarter of December.
“The latest online message mode in China may be a positive era for the quarter of December, as initial data of the delivery time reflects the initial stronger demand compared to other regions in the launch”, says Environmental analysts ISI in an analysis.
Apple discovered in September an improved line of new iPhones, including a smaller iPhone Air, and held stable prices amid concerns about US tariffs. Over the weekend, the ISI Evercree added action to its Tactical Improvement List, while mediation expects Apple to exceed market expectations for the current quarterly period and issue optimistic projections for the quarter of December.
“They launched the latest version of their iPhone and are doing much better than expected, the demand trends for the company's iPhones are now in front of the road,” said Art Hogan, the main market strategy at B Riley Weekly.
Apple shares had been having difficulties earlier this year due to concerns about tough competition in China and uncertainty about how the company would handle high US tariffs on Asian economies like China and India, its main production centres.
However, stocks have risen modestly since early August after the company promised $100 billion additional US investment, a move that could help it avoid potential tariffs.
The event is ready for the largest one-day increase in four weeks if profits continue and will increase by more than 5% per year. /Periscopi/
