New Delhi: Riding on the stellar performance of the new iPhone 17 series, Apple is heading towards the $4 trillion market valuation, thus becoming the second-most valuable company after chip major Nvidia. Apple shares surged to an all-time high at $262.9 on Monday (US time). This took the company to a market valuation of nearly $3.9 trillion.

Data from Counterpoint Research showed that the iPhone 17 series outperformed its predecessor in early sales globally, especially in key markets like China and the US. Apple will report its quarterly earnings on October 30. Meanwhile, in a boost to the ‘Make in India’ initiative, the iPhone 17 models are gaining stronger traction than last year's iPhone 16 series in India, according to vendors and industry analysts.

Tech giant achieved its highest

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