Key Takeaways
- Apple’s iPhone 17 outsold the prior lineup within the U.S. and China throughout its first 10 days of availability, in accordance with a report from Counterpoint Analysis.
- The bottom mannequin carried out significantly nicely in China, whereas many American patrons upgraded to the Professional Max model.
Apple shares climbed Monday following a report suggesting sturdy demand for the corporate’s new iPhone 17 sequence within the U.S. and China, which account for the majority of the corporate’s telephone gross sales.
Apple’s (AAPL) iPhone 17 outsold the iPhone 16 by 14% in the course of the first 10 days of availability within the U.S. and China, in accordance with a report from tech product analysis agency Counterpoint Analysis.
Shares of Apple climbed shut to three% in current buying and selling following the information to steer good points on the Dow Jones Industrial Common.
Why This Information Is Vital
Robust early gross sales of the iPhone 17 may very well be taken as an indicator of resilient model loyalty and spending energy amongst shoppers within the face of financial uncertainty.
Counterpoint discovered the bottom mannequin of the iPhone 17 was a giant driver of gross sales in China, whereas the premium iPhone 17 Max noticed sturdy demand within the U.S.
Counterpoint Senior Analyst Mengmeng Zhang pointed to the iPhone 17 base mannequin’s “nice worth” for its efficiency, with “a greater chip, improved show, increased base storage, selfie digicam improve—all for a similar value as final yr’s iPhone 16.” Gross sales of the iPhone 17 base mannequin in China had been practically double these of the 16 over a comparable interval.
In the meantime, the iPhone 17 Professional Max noticed gross sales surge within the U.S., as Counterpoint stated those that bought Apple telephones in the course of the COVID-19 pandemic moved to improve and huge carriers enticed patrons with increased subsidies.
