Apple's (AAPL) Market Cap Surpasses $3.6 Trillion Amid New iPad Mini Launch

4 days ago

On Tuesday, Apple (AAPL, Financial) shares rose over 2.5%, reaching a new all-time high, which pushed the company's market capitalization beyond $3.6 trillion. At the latest update, the stock was up 2.45%, trading at $236.96.

The surge follows the silent release of the iPad mini 7 on October 15, equipped with the A17 Pro chip featuring artificial intelligence capabilities and support for Apple Pencil Pro. This marks the first upgrade of the series since the iPad mini 6 launched in September 2021. Pre-orders for the iPad mini 7 will start on October 17, with the official release date set for October 23.

According to Apple’s marketing executive, the iPad mini uniquely combines powerful performance and versatility in a highly portable design, which makes it popular among a wide range of users. The new iPad mini, with its powerful A17 Pro chip, faster connectivity, and support for Apple Pencil Pro, offers a complete iPad experience in a portable form.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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