Apple’s October 2025 Shockers: iPhone 17 Supercycle, M5 Chip Debut, and AAPL Nears $4 Trillion
Apple shares hit record highs near $265 in October, nearing a $4 trillion market cap, driven by strong iPhone 17 demand. Apple launched its M5 chip and new devices, holding prices steady despite performance gains. The iPhone 17 Air model flopped, forcing Apple to cut production by over 80%. COO Jeff Williams will retire by end of 2025, with Sabih Khan set to replace him.