Apple Secures F1 Rights, Stock Nears $4T

Apple secured exclusive U.S. media rights to stream Formula 1 races starting in 2026 for $700 million over five years, adding live sports to Apple TV under a standard subscription without extra fees. Counterpoint reported iPhone 17 sales were about 14% higher than the iPhone 16 in the first 10 days, and Apple shares surged to record highs, valuing the company at roughly $3.9 trillion and nearing $4 trillion. Analysts at Wedbush, Loop Capital and Evercore ISI raised targets or upgraded views, citing iPhone demand and Apple’s AI roadmap. Technical indicators and elevated options activity suggest institutional buying ahead of earnings. Investors will watch Apple’s October 30 earnings for guidance confirming whether iPhone 17 strength and AI plans can sustain the rally.