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Apple Shrs Soar ~4% at Close to New High; Market Cap ~US$3.9T
Apple's (AAPL.US) stock price rocketed on Monday, soaring as much as 4.8% to peak at US$264.38, closing up 3.9% at US$262.24, marking a historic closing high, with its total market cap hiking to US$3.89 trillion, propelled by robust sales of the iPhone 17 in the US and China.

Within the first hour of the official launch on Tmall Double 11 in 2025, the transaction volume of the iPhone series on Apple's official online store surpassed the entire day of last year, Chinese media reported.

Meanwhile, the broker Loop Capital stated that Apple is expected to rebound due to the higher-than-expected demand for the new generation iPhone. The broker upgraded Apple from Hold to Buy and raised its target price from US$226 to US$315.
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