Apple cuts iPhone 17 production by 15% as sales slow ahead of the expected iPhone 18 launch later this year.
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Apple shares surged 4.2% as the company nears a $4 trillion valuation, driven by strong iPhone 17 sales and renewed investor confidence amid AI competition.
During its hardware launch event on Tuesday, Apple launched the iPhone Air, its thinnest and lightest model to date
Apple’s September 9 event at Steve Jobs Theatre is set to unveil the iPhone 17 lineup, including a new slim “iPhone 17 Air,” alongside Apple Watch and AirPods updates.