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Apple shares reached an all-time intraday high of $345.34 on Tuesday morning, briefly pushing the company's market capitalization past $5 trillion and marking a milestone just three weeks into John Ternus's tenure as chief executive.

Apple's iPhone 18 Pro and iPhone 18 Pro Max have entered mass production, with manufacturing partner Foxconn Hon Hai Precision Industry Co., Ltd. launching a peak hiring period at its Zhengzhou facility to meet demand ahead of a September launch.