Apple’s iPhone 17 series has seen stronger early sales than
its predecessor in the United States and China, according to research firm
Counterpoint.
The early demand supported Apple’s stock, which traded
around $260.90 on Nasdaq, up roughly 3.3% today (Monday). According to market
participants, the rise contributed to broader market gains.
iPhone 17 Early Sales Lift Apple Stock
The new iPhone models outsold the iPhone 16 series by 14%
during the first ten days after launch in the two markets.
Join
IG, CMC, and Robinhood in London’s leading trading industry event!
Apple’s stock performance added about 70 points to the Dow
Jones Industrial Average. While sentiment remained generally positive, some
analysts said Apple’s next major growth phase may take time, with stronger
catalysts expected later in 2026.
$AAPL holding near the $260–270 zone Options show tight consolidation as volatility brews.IPhone 17 sales up 14% vs iPhone 16, strong demand for base & Pro Max driving momentum. pic.twitter.com/s2v5nda2Up
— Menthor Q (@MenthorQpro) October 20, 2025
Apple Sees Early iPhone 17 Demand
Counterpoint reported that sales of the base model iPhone 17
nearly doubled in China compared with the iPhone 16 during the same period.
Across both markets, sales of the model increased by 31%.
iPhone 17 sales are up 16% vs iPhone 16📱🚀Apple’s new iPhone 17 series is off to a strong start — early sales in China and the U.S. are up 14% compared to the iPhone 16, according to Counterpoint Research.• Sales of the base model nearly doubled in China, rising 31% overall… pic.twitter.com/B42afszDec
— Swingly (@SwinglyHQ) October 20, 2025
“The base model iPhone 17 is very compelling to consumers,
offering great value for money,” said Senior Analyst Mengmeng Zhang. Zhang
noted that the model includes an improved chip, display, and selfie camera,
along with higher base storage, while maintaining the same price as the iPhone
16.
Apple launched the iPhone 17 series globally in September,
including in China. Early demand reinforced the company’s position in key
smartphone markets. Analysts added that Apple’s broader growth outlook remains
gradual, with major developments expected in 2026.
This article was written by Tareq Sikder at www.financemagnates.com.
Source link
