Apple shares hit a record high this week, climbing to $264.38 and pushing the company’s market capitalization to $3.9 trillion, just shy of the historic $4 trillion mark. The rally follows strong early sales of the newly launched iPhone 17, which outperformed its predecessor by 14% in the first ten days after release.
According to Counterpoint Research, demand for the base iPhone 17 model in China nearly doubled compared to last year’s iPhone 16, while U.S. consumers praised the device’s improved camera, battery life, and AI-powered features.
Investor optimism has been further lifted by analyst upgrades, with Loop Capital raising Apple’s rating from «hold» to «buy» and Evercore ISI adding it to their «Tactical Outperform List.» Both cited robust iPhone demand and expectations of stronger performance in late 2025.
The surge marks a strong comeback for Apple, which faced a 31% stock decline in April amid trade tensions. Year-to-date, shares are up more than 5%, underscoring the company’s resilience and continued dominance in the global tech market.
Saudi Arabia’s Minister of Investment Khalid Al-Falih announced that a decision on importing Uzbek agricultural produce will be finalised within 60 days, Uzbekistan 24 reports.
