Apple Earns ₹5.29 Lakh Crore in Just 10 Days Ahead of iPhone 17 Sales

The global rush for the iPhone 17 has begun, with consumers lining up in stores and videos of scuffles making rounds on social media, especially in India. However, Apple has already made headlines—not for selling phones, but for earning an astounding ₹5.29 lakh crore ($60 billion) in revenue before a single device has been sold. How did the tech giant achieve this remarkable feat?

Stock Surge Drives Massive Market Cap Gain

When Apple launched the iPhone 17 on September 9th, its shares were priced around $234. By September 18th, the share price had risen to over $237, translating into a market capitalization increase of more than $60 billion. Analysts attribute this rise to strong investor confidence in the iPhone 17 launch and anticipation of robust sales.

From September 9th to 18th, Apple shares rose by $3.53, or 1.51 percent. On September 17th, the stock even touched over $240, though a slight dip of 1.11 percent occurred on September 18th. This surge demonstrates how market expectations alone can drive significant value creation, even before physical sales begin.

Market Cap Milestone

Apple’s market capitalization, the total value of all its outstanding shares, increased from $3.47 trillion on September 9th to $3.53 trillion on September 18th. In Indian rupees, this surge amounts to approximately ₹5.29 lakh crore. This highlights the enormous scale of Apple’s influence in the global stock market, where investor sentiment often translates into massive financial gains.

Experts suggest that early responses to pre-orders and product hype are likely contributing to investor optimism. With the iPhone 17 being one of the most anticipated launches of the year, Apple’s shares could see further momentum in the coming days.

Apple vs. Nvidia: The Race for Global Market Leadership

Apple remains one of the largest companies in the world by market capitalization. Currently, its market cap stands at $3.53 trillion. However, Nvidia, an AI-focused technology company, recently surpassed $4 trillion in market cap, making it the world’s largest company. The gap between Apple and Nvidia underscores the competitive nature of global tech markets, where innovation, investor perception, and market trends constantly influence rankings.

While Apple’s iPhone 17 launch has bolstered its market value significantly, it may take time for the company to reclaim its position as the largest in the world. Nevertheless, the remarkable increase of ₹5.29 lakh crore ahead of actual sales demonstrates the immense power of anticipation, brand loyalty, and investor confidence in shaping a company’s financial standing.