Apple(US:AAPL) Guan Cha Zhe Wang·2025-09-13 01:48Core Viewpoint - The iPhone 17 series has officially started pre-sale, but the Apple website faced significant traffic issues, leading to difficulties in accessing the purchasing page [1][2]. Group 1: Product Launch and Features - The iPhone 17 series includes four models: iPhone 17, iPhone Air, iPhone 17 Pro, and iPhone 17 Pro Max, with prices starting at 5999 yuan and going up to 17999 yuan [5]. - The standard version of the iPhone 17 has seen higher pre-order volumes compared to the Pro series, attributed to enhancements such as a 120Hz ProMotion display, an increase in screen size from 6.1 inches to 6.3 inches, and an upgrade in front camera resolution from 12MP to 18MP [6]. - The iPhone 17 standard version offers more features at a lower price point, with a starting storage of 256GB, which is 1000 yuan cheaper than the previous generation [6]. Group 2: Market Reaction and Stock Performance - Following the iPhone launch, Apple's stock rose nearly 1.8% to close at $234.07, with a total market capitalization of $3.47 trillion [7]. - Analyst Ben Reitzes from Melius Research stated that Apple has "emerged from difficulties" and is poised for higher revenue, raising the stock's target price from $260 to $290, the highest among analysts surveyed by FactSet [7]. - Historically, Apple's stock tends to remain stable on the launch day but averages a 2.07% decline from launch to official sale; however, a strong upgrade cycle is anticipated, particularly driven by the iPhone Air's appeal in the Chinese market [7].