Apple’s valuation has risen by $1tn since August

A customer tries out the new iPhone 17 Pro inside an Apple retail store in Chongqing, China. Photo: Getty

Apple has been on a tear in the stock market over the past few months, as iPhone optimism powers the shares to record highs.

Since the beginning of August, Apple’s stock is up more than 30pc and its market capitalisation has risen from $3tn (€2.6tn) to $4tn. Shares rose 1.3pc yesterday.

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