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Apple Approaches $4 Trillion Market Cap Amid Strong iPhone 17 Sales

Shares climb as reports indicate robust demand for Apple’s latest iPhone model, moving the company closer to a historic valuation milestone.

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Terms & Concepts
  • Market Capitalization: The total value of a company's outstanding shares, calculated by multiplying share price by the number of outstanding shares.
  • iPhone 17: Apple's latest smartphone model, whose strong sales are reportedly contributing to the company's rising stock price.