Wall Street Breakfast Apple edges toward $4T
Oct 21, 2025
Apple is poised to join the exclusive $4 trillion market cap club, driven by excitement over the iPhone 17 and positive analyst upgrades. Unilever faces delays in its ice cream spinoff due to government shutdown issues. e.l.f. Beauty grapples with disappointing sales figures from its recent acquisition, raising concerns about potential earnings impacts. Meanwhile, major market headlines include an Argentina currency deal, PayPal's acquisition in e-commerce, and insights into upcoming tech events and earnings reports.
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iPhone 17 Drives Apple Toward $4T
- Apple moved closer to a $4 trillion valuation after upgrades and strong iPhone 17 demand.
- CounterPoint shows iPhone 17 outsold iPhone 16 by 14% in the first 10 days, led by the base model.
Unilever Ice Cream Spin-Off Delayed
- Unilever postponed its planned ice cream demerger because the U.S. government shutdown blocks SEC registration.
- The shareholder vote on the related share consolidation will still go ahead as scheduled.
Rode's Sales Weigh On e.l.f. Beauty
- e.l.f. Beauty's Rode acquisition reported softer-than-expected sales of $40.2M for Q2, weighing on the stock.
- Despite strong margins that could boost fiscal 2025 profitability, tariff uncertainty may reduce the expected earnings lift.