Apple Makes History: Company’s Market Value Reaches India’s GDP Level; iPhone 17 Series Creates Buzz

New York (The Uttam Hindu): U.S. tech giant Apple has created history once again. On Tuesday, the company’s market capitalization touched $4 trillion (approximately ₹352 lakh crore), a figure nearly equal to India’s Gross Domestic Product (GDP). According to World Bank data, India’s GDP currently stands at around $3.91 trillion.

As per Counterpoint Research, initial sales of the iPhone 17 series in the U.S. and China have been 14% higher than those of the previous model. The iPhone 17 lineup has also received an overwhelming response from consumers in global markets, including India.

Apple has now become the world’s third company to cross the $4 trillion market capitalization mark following NVIDIA and Microsoft. At present, NVIDIA holds the top spot with a market value of $4.71 trillion (₹415 lakh crore), while Microsoft stands second at $4.06 trillion (₹358 lakh crore).

During Tuesday’s trading session, Apple’s stock price climbed to $269.89, pushing its valuation to $4.005 trillion. However, it closed slightly lower at $3.992 trillion, still marking a record-breaking milestone.

The surge in Apple’s stock value is primarily driven by the massive popularity of the iPhone 17 lineup and the newly launched iPhone Air. Within just a few weeks of launch, sales figures have shown impressive growth. The iPhone Air has received praise for its sleek design and lightweight build. Currently, iPhones contribute over 50% of Apple’s total profits.

Apple launched its new smartphone series globally, including in India, on September 9. The lineup includes iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max, and iPhone Air, the company’s thinnest iPhone ever, featuring a single rear camera and minimalist design.