Apple shares hit all-time high after iPhone 17 sales report
By ForGeeks According to Counterpoint, iPhone 17 Pro Max was the top seller in the U.S., while the base model iPhone 17 in China showed double the iPhone 16’s results in the same period last year. Those numbers beat market expectations and sparked investor optimism. At the same time, it was reported that Apple reduced production of the iPhone Air, but even so, the model is selling better than last year’s iPhone 16 Plus. The company also improved the base iPhone, adding a screen with ProMotion and variable refresh rates from 1 to 120 Hz. Apple first went public on December 12, 1980. At the time, the stock cost $22 and closed on the first day at $29. The IPO made millionaires of about 300 people, including Steve Jobs and Steve Wozniak, whose stakes were valued at $217 million and $116 million, respectively.Since then, Apple’s securities have gone through five splits, the last one in 2020 on a 4-to-1 basis. Taking all splits into account, the initial IPO share price is equivalent to 10 cents per share. Today, Apple’s market capitalization has reached $3.89 trillion, making it the most valuable company in the world. Apple CEO Tim Cook owns about 3.28 million shares, which is 0.021% of the company. At current exchange rates, that stake is valued at $860-900 million. The largest shareholders remain investment giants Vanguard (9.5%) and BlackRock (7.7%). Among private investors, Chairman Arthur D. Levinson holds the largest stake, with 4.4 million shares worth $1.15 billion. 
What caused the stock to riseHistorical context and company valuation
Tim Cook’s stock ownership and fortune
