Core Insights - The iPhone 17 series, particularly the iPhone 17 Pro, is experiencing strong sales performance, outpacing its predecessor in both the U.S. and China [2] - Apple's stock saw a nearly 4% increase, reaching an all-time high, which is significant for the company as it has been lagging behind peers in the "Magnificent 7" group [3] Sales Performance - The iPhone 17 series includes the base model, Pro, and Air versions, with the iPhone Air reportedly selling out within minutes in China [2] - Counterpoint Research indicates that the iPhone 17 series is outselling the previous generation in key markets [2] Market Reaction - Following the positive sales news, Apple's shares closed at an all-time high, contributing to a year-to-date gain of approximately 5% [3] - In contrast, other companies in the "Magnificent 7" have shown higher year-to-date gains, with Nvidia at 36% and Meta at 25% [3] Broader Market Context - U.S. markets experienced a general rise, with major indexes ending the day positively [5] - Investors are closely monitoring trade developments between the U.S. and China, as well as upcoming earnings reports from major companies like Netflix, Tesla, and Intel [5]
CNBC Daily Open: More people want the new iPhone — and Apple shares