Apple Stock Soars, Thanks to Launch of iPhone 17

Apple has scored a hit with its iPhone 17 launch, with shares surging to their first record high of 2025 on Monday and helping to lift the broader market.

Sales of the iPhone 17 series have reportedly outpaced those of the iPhone 16 series by 14% in the first 10 days of availability. (Photo: Apple)

The stock jumped 3.9% to $262.24, closing at a new high for the first time since Dec. 26, Adam Clark and George Glover reported for Barron’s Daily.

The move puts Apple on the brink of a $4 trillion valuation and means its market capitalization surpassed Microsoft’s for the first time since Sept. 25, according to Dow Jones Market Data.

Despite the lack of new artificial intelligence (AI) features, the iPhone 17 is winning over consumers—especially in China and the US.

Counterpoint Research said Monday that sales of the iPhone 17 series have outpaced those of the iPhone 16 series by 14% in the first 10 days of availability.

Apple shares are now up 22% over the past three months, as optimism builds heading into the holiday season. The gains also fueled a broader rally, with the S&P 500 closing 1.1% higher on Monday, erasing losses from the Oct. 10 sell-off and nearing a new record high.

Analysts at Loop Capital upgraded Apple from Hold to Buy and raised their price target to $315 from $226, expecting record iPhone shipments in 2026 and 2027.