Apple’s new iPhone 17 series has outsold the previous lineup in its first week on sale in the US and China.

Shares in the Cupertino, Calif.-based company jumped over 4% to reach an all-time high Monday — putting the tech giant on track to reach a $4 trillion valuation .

Apple’s new smartphone lineup – which came out in September – beat the iPhone 16 line by 14% over the first 10 days on sale in two of the company’s largest markets, according to data from Counterpoint Research. 3

That pushed Apple shares to $264.38 and made the company’s market capitalization of about $3.9 trillion the second biggest in the world, behind chip maker Nvidia, Reuters noted.

The iPhone 17, which retails at a starting price of $799, is in much higher demand than its corresponding model from last yea

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