Reported about 12 hours ago
Apple's stock reached a new all-time high, pushing its market cap to nearly $4 trillion thanks to strong sales of the iPhone 17, which outperformed the iPhone 16 within its first ten days in the US and China. Despite this initial success, analysts note a slowdown in sales pace and decreasing lead times for deliveries in several markets. While Apple trails behind competitors like Nvidia and Microsoft in AI advancements, its vast ecosystem and user base continue to drive strong revenue from its flagship product, the iPhone.
Source: YAHOO