Apple Stock Hits All-Time High, Market Capitalization Inches Toward $4 Trillion

• According to a report by TheFly, analysts at JPMorgan hiked their price target for the AAPL stock to $290 from $280.
• Data from market research firm Counterpoint shows that the iPhone 17 series has outsold the iPhone 16 in the first 10 days of its availability in Apple’s key markets, the U.S. and China.

Apple Inc. (AAPL) shares gained nearly 1% in Monday’s midday trade, hitting a new all-time high of $267.05, with the company’s market capitalization inching toward $4 trillion.

According to a report by TheFly, JPMorgan analysts raised their price target on the stock to $290 from $280 and maintained an ‘Overweight’ rating.

Apple’s market capitalization stood at $3.947 trillion at the time of writing. Retail sentiment on Stocktwits around the company trended in the ‘neutral’ territory.

Positive Product Cycle Expected

Analysts at JPMorgan expressed optimism about Apple’s performance in the fourth quarter (Q4) of fiscal 2025 and the first quarter (Q1) of fiscal 2026. The firm expects robust high-single-digit revenue in both these quarters, adding that this should reinforce a positive product cycle for Apple among the company’s investors.

Last week, Apple’s shares hit a high on demand momentum for the iPhone 17, the company’s latest launch. Analysts at Loop Capital said their supply chain checks indicate iPhone volumes will grow steadily through 2027.

Apple is scheduled to report its Q4 results on October 30.

iPhone 17 Outsells iPhone 16

According to data from market research firm Counterpoint, the iPhone 17 series has outsold the iPhone 16 in the first 10 days of its availability in Apple’s key markets, the U.S. and China.

“The base model iPhone 17 is very compelling to consumers, offering great value for money. A better chip, improved display, higher base storage, selfie camera upgrade – all for the same price as last year’s iPhone 16. Buying this device is a no brainer, especially when you throw channel discounts and coupons into the mix.”

— Mengmeng Zhang, Senior Analyst, Counterpoint Research

Zhang added that Chinese customers are rewarding Apple for offering good value for money with the iPhone 17.

AAPL stock is up 6% year-to-date and 15% in the past 12 months.

Also See: Gold Price Falls Below $4,000 For The First Time Since Trump Threatened ‘Massive’ Tariff Hikes On China

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