Apple Stock Climbs to Record High Following Signs of Strong Start to iPhone 17 Sales

Core Insights - Apple shares reached an all-time high following reports of strong demand for the iPhone 17 series in the U.S. and China, which are key markets for the company [1][2] Sales Performance - The iPhone 17 outsold the iPhone 16 by 14% during its first 10 days of availability in the U.S. and China [2][8] - Sales of the iPhone 17 base model in China were nearly double those of the iPhone 16 over a comparable period [4] Consumer Behavior - Strong early sales of the iPhone 17 indicate resilient brand loyalty and consumer spending power despite economic uncertainty [3] - The iPhone 17 Pro Max saw significant sales growth in the U.S., driven by consumers upgrading from previous models and increased carrier subsidies [5][8] Product Features - The iPhone 17 base model is noted for its "great value," featuring a better chip, improved display, higher base storage, and upgraded selfie camera, all at the same price as the iPhone 16 [4]