India, Oct. 29 -- Apple briefly hit a record-breaking $4 trillion (around Rs.353 lakh crore) valuation on Tuesday, fuelled largely by the strong performance of its latest iPhone 17 lineup. The tech giant's stock surged during trading hours, marking another high point in Apple's market history, though the milestone proved fleeting, with shares slipping back before market close.

While Apple was the first to cross the $1 trillion mark in 2018, followed by $2 trillion in 2020 and $3 trillion in 2022, it's not the first to touch $4 trillion. Nvidia claimed that title earlier this year in July, riding the booming demand for AI chips, while Microsoft also reached the milestone around the same time.

Apple's temporary leap to $4 trillion makes i...