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Apple Nears $4 Trillion Valuation as iPhone 17 Demand Surges in China and U.S.

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Apple shares soared 4.2% to $262.9 on Monday, pushing the tech giant’s market capitalization to $3.9 trillion — within striking distance of becoming the third company ever to hit $4 trillion. The surge follows stronger-than-expected early sales of the iPhone 17 series, which has outperformed its predecessor across key markets.

Data from Counterpoint Research showed that iPhone 17 sales in China and the United States were 14% higher during the first 10 days compared to the iPhone 16 launch, signaling renewed momentum for Apple’s flagship product. The rally places Apple just behind AI-chip leader Nvidia, now the world’s most valuable company.

Brokerage Evercore ISI added Apple to its Tactical Outperform List, predicting that the company will exceed quarterly forecasts and issue optimistic guidance for the December period. Analysts pointed to robust online orders in China, where delivery times suggest particularly strong early demand.

Apple’s September launch introduced an upgraded iPhone lineup, including the slimmer iPhone Air, while keeping prices stable despite U.S. tariff pressures. “The demand trends are clearly on the front foot again,” said Art Hogan, chief market strategist at B Riley Wealth.

After struggling earlier this year due to weakness in China and tariff concerns, Apple’s stock has rebounded since August, buoyed by its $100 billion U.S. investment plan aimed at mitigating trade risks. If the rally holds, Monday will mark Apple’s largest one-day gain in four weeks, setting the stage for its October 30 earnings report.

Chinese consumers file antitrust complaint accusing Apple of monopolizing app market

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A group of 55 Chinese iPhone and iPad users has filed an antitrust complaint with China’s State Administration for Market Regulation (SAMR) against Apple (AAPL.O), alleging the company is abusing its market dominance through restrictive App Store practices and excessive commissions.

The complaint, led by lawyer Wang Qiongfei, accuses Apple of monopolizing iOS app distribution in China by forcing developers and consumers to use its proprietary In-App Purchase (IAP) system and charging up to 30% commissions on digital transactions.

The filing claims Apple’s restrictions on alternative app stores and payment systems violate China’s Anti-Monopoly Law, especially as the company has allowed more flexibility in the United States and European Union following regulatory pressure.

Apple did not immediately respond to requests for comment.

This is Wang’s second legal challenge against the tech giant. A previous lawsuit filed in 2021 was dismissed by a Shanghai court last year. The lawyer has appealed that ruling to the Supreme People’s Court, which heard arguments in December but has yet to issue a decision.

Wang said he expects the new administrative complaint to move more swiftly through regulators than the prior civil case.

The filing comes amid rising U.S.–China trade and tech tensions, with Beijing increasing scrutiny of American companies. Earlier this year, China launched antitrust probes into other U.S. tech firms, including Qualcomm, over its acquisition of Israeli company Autotalks.

Apple’s Next-Gen iPad Pro to Feature M6 Chip and Advanced Vapour Chamber Cooling, Reports Mark Gurman

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Apple is reportedly preparing to introduce a vapour chamber cooling system in the next-generation iPad Pro, slated for release in spring 2027. The technology, similar to the system used in the iPhone 17 Pro, aims to improve thermal management, allowing the device to sustain peak performance without excessive throttling. This upgrade is expected to complement the new M6 chip, built on TSMC’s 2-nanometer process, which promises significant gains in speed and efficiency over its predecessor. Devamını Oku