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Apple stock rallies following strong iPhone 17 sales in U.S. and China
CNBCยท 2025-10-20 14:48
Core Insights - Apple shares increased nearly 3% following a report indicating strong initial sales for the iPhone 17 in the U.S. and China [1] - The iPhone 17 series has outperformed the iPhone 16 series by 14% in sales within the first 10 days of its release in both markets [1] Sales Performance - The iPhone 17 series launched in September and has shown robust sales figures, particularly in the U.S. and China [1] - According to Counterpoint research, the sales of the iPhone 17 series have surpassed those of the iPhone 16 series by 14% [1] Consumer Appeal - The base model of the iPhone 17 is described as compelling, offering significant value with enhancements such as a better chip, improved display, higher base storage, and an upgraded selfie camera, all at the same price as the iPhone 16 [2] - The combination of product improvements and available discounts makes the iPhone 17 an attractive purchase for consumers [2]