Apple’s iPhone 17 Series Sees Remarkable Initial Sales Surge
- The iPhone 17 series recorded a 14% increase in sales compared to the iPhone 16 within the first ten days of launch in China and the United States, underscoring strong market demand.
- Sales of the base model iPhone 17 nearly doubled in China, with a notable 31% increase across both territories, driven by enhancements such as a superior chip, upgraded display, expanded storage capacity, and an enhanced selfie camera—all maintained at the previous model’s price point.
- This performance underscores Apple’s strategy of harmonizing innovation with affordability, positioning the company for enduring growth within the competitive premium smartphone market.
The latest flagship from Apple, the iPhone 17 series, has illustrated a formidable demand, particularly in China and the United States, emphasizing the company’s sustained allure in the premium smartphone sector.
As reported by Counterpoint Research, the series has achieved a 14% boost in sales relative to the iPhone 16 in its first ten days of availability in these key markets.
This performance highlights Apple’s capacity to sustain momentum amidst escalating competition from rivals such as Samsung and Huawei, who have intensified their AI-integrated offerings.
A major contributor to this success is the base model iPhone 17, which experienced nearly double the sales in China when compared to its predecessor during the same timeframe. In both markets, sales of the base model surged by 31%, reflecting a marked consumer interest in accessible entry points to Apple’s ecosystem.
Senior Analyst at Counterpoint, Mengmeng Zhang, expressed that “the base model iPhone 17 presents a compelling value proposition to consumers.”
She emphasized prominent enhancements, including a more powerful chip, an upgraded display for enhanced visuals, increased base storage, and an improved selfie camera—all offered at the same price as last year’s iPhone 16.
This compelling value aligns with Apple’s strategic shift towards merging innovation with affordability, a tactic refined since the resurgence of the iPhone SE.
In China, where domestic brands dominate the budget tiers, the base model’s success indicates Apple is regaining market share from Huawei’s HarmonyOS ecosystem, bolstered by seamless integration with services like Apple Pay and iCloud.
Conversely, in the U.S., where loyalty towards the iPhone surpasses 50% among existing users, these upgrades reinforce the upgrade cycle, which could enhance AAPL’s service revenue, now comprising over 20% of total income.
The global launch in September strategically positions Apple to leverage holiday seasonality, with analysts forecasting sustained double-digit growth in unit shipments. For AAPL investors, these preliminary indicators reinforce resilience within a maturing market, where average selling prices hover near $1,000.
As supply chain efficiencies improve in the aftermath of the pandemic, the trajectory of the iPhone 17 could steer fiscal 2026 earnings toward unprecedented heights, further solidifying Apple’s trillion-dollar valuation.
Source link: Wallstreetpit.com.
