Apple Hits Record as iPhone 17 Surges

Apple’s iPhone 17 lineup is outselling its predecessor in the U.S. and China—up 14% in the first 10 days—sending Apple shares up nearly 4% to a record, Counterpoint says. China’s iPhone Air sold out within minutes, per the South China Morning Post. Despite an AWS outage that hit Reddit and Snapchat, Amazon rose about 1.6%. U.S. stocks closed higher, with all major indexes up over 1%, while Asia-Pacific markets advanced and South Korea’s Kospi marked a sixth straight record. Washington announced a minerals pact with Australia worth up to $8.5 billion. Japan’s Sanae Takaichi became prime minister.

Reviewed by JQJO team

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