Overview

• Counterpoint Research reports the iPhone 17 lineup sold 14% more than iPhone 16 during the first 10 days in the U.S. and China.
• The $799 base iPhone 17 nearly doubled sales in China and rose about 31% across the two markets versus last year’s entry model.
• In the U.S., iPhone 17 Pro Max demand is ramping faster than its predecessor as major carriers lifted maximum subsidies by roughly $100.
• Apple shares rose more than 4% to a record after the data, and Loop Capital upgraded the stock to Buy with a $315 price target.
• Visible Alpha data cited by FT shows analysts now model roughly 4% iPhone revenue growth this fiscal year to about $209 billion.