Apple within striking distance of $3-trillion market capitalisation

Apple is within striking distance of a $3-trillion market capitalisation, a milestone that would make it as big as the world's fifth largest economy after Germany, just over a year after breaching the $2-trillion mark.

Shares of Apple were up 1.6 per cent at $174. They need to trade at $182.85 to hit the mark and cap a strong rally that has been powered by investors betting on its brand and viewing it as a comparative safe haven. The stock has jumped about 30 per cent this year on top of an 80 per cent surge in 2020. 

iPhone 13 production fell 20% in Sept-Oct
 

Production of iPhone 13s fell 20 per cent short of previous plans in September-October, Nikkei reported, citing sources.